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flag 3M and Bain Capital to merge Scott Safety and Madison Fire & Rescue in $1.95B deal, forming a joint venture set to close in 2026.

flag 3M and Bain Capital have agreed to acquire Madison Fire & Rescue in a $1.95 billion deal to form a joint venture expected to close in the second half of 2026. flag 3M will contribute its Scott Safety business, receive $700 million in cash, and own 50.1% of the new company, while Bain Capital will hold 49.9%. flag The combined entity will integrate Scott Safety’s breathing apparatus with Madison’s fire suppression systems, rescue tools, and other emergency response technologies. flag The move aims to strengthen the safety product portfolio, expand market reach, and drive growth through innovation and operational synergies.

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