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Market Impact: 0.35

3M, Bain Capital To Acquire Madison Fire & Rescue; Forms JV For Fire Safety Solutions

MMMBCSF
M&A & RestructuringPrivate Markets & VentureCompany FundamentalsManagement & GovernanceInfrastructure & Defense

3M agreed to acquire Madison Fire & Rescue for $1.95 billion in partnership with Bain Capital Specialty Finance and will form a new joint venture focused on fire safety and rescue. The transaction expands 3M's safety/rescue offerings and uses private-capital participation to accelerate strategic growth in specialty safety markets.

Analysis

3M agreed to acquire Madison Fire & Rescue for $1.95 billion in partnership with Bain Capital Specialty Finance and will form a new joint venture focused on fire safety and rescue. The transaction expands 3M's safety/rescue offerings and uses private-capital participation to accelerate strategic growth in specialty safety markets.

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