3M and funds managed and/or advised by Bain Capital - Madison Fire & Rescue
3M Company (**3M**) and funds managed and/or advised by Bain Capital Investors, LLC (**Bain Capital**) are proposing to form a new limited partnership (the JV), which will hold 3M’s supply of self-contained breathing apparatus (**SCBA**) and related products (the **SCBA Business**) and Madison Safety & Flow Holdings LLC (**Madison Fire & Rescue**). 3M will hold 50.1% and Bain Capital will indirectly hold 49.9% of the interests in the JV (together, the **Acquisition**). The Acquisition comprises (i) the formation of the JV as described above; (ii) the sale or contribution of 3M’s SCBA Business to the JV; and (iii) the JV’s acquisition of Madison Fire & Rescue. 3M is a diversified technology company based in the US. Bain Capital is a private equity firm that invests, through its family of funds, in companies across a number of industries. Madison Fire & Rescue manufactures equipment for first responder applications. Madison Fire & Rescue offers products in fire suppression and rescue technology including products offered under the Holmatro, Amkus, Task Force Tips, Fire Fighting Systems, and Waterax brands.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Phase 1 - initial assessment
- Notified
- 6 May 2026
- Determination published
- 4 June 2026
Acquirers
- Fire Safety Platform Holding, LP
Targets
- Madison Safety & Flow Holdings LLC