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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.
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.
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%.
The combined entity will integrate Scott Safety’s breathing apparatus with Madison’s fire suppression systems, rescue tools, and other emergency response technologies.
The move aims to strengthen the safety product portfolio, expand market reach, and drive growth through innovation and operational synergies.
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3M y Bain Capital para fusionar Scott Safety y Madison Fire & Rescue en un acuerdo de $ 1.95B, formando una empresa conjunta que se cerrará en 2026.