3M Partners with Bain Capital to Acquire Madison Fire & Rescue for $1.95B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
3M announced that it has entered into a definitive agreement to acquire Madison Fire & Rescue, in partnership with Bain Capital. 3M and Bain Capital will establish a new joint venture in which 3M will contribute Scott Safety, receive $700M of cash proceeds upon closing and own 50.1% of the new company with Bain Capital owning 49.9%. Under the terms of the transaction 3M and Bain Capital will acquire Madison Fire & Rescue from Madison Industries for $1.95B. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.
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Analyst Views on MMM
Wall Street analysts forecast MMM stock price to fall
11 Analyst Rating
6 Buy
3 Hold
2 Sell
Moderate Buy
Current: 159.150
Low
100.00
Averages
152.00
High
184.00
Current: 159.150
Low
100.00
Averages
152.00
High
184.00
About MMM
3M Company is a diversified technology company. The Company is a manufacturer and marketer of a variety of products and services. The Company’s segments include Safety and Industrial; Transportation and Electronics, and Consumer. Its Safety and Industrial segment includes industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials, and others. Its Transportation and Electronics segment includes advanced ceramic solutions; attachment/bonding, films, sound and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage. Its Consumer segment includes cleaning products for the home; consumer air quality products, and picture hanging accessories. Its brands include 3M Cubitron II abrasives, Scotch-Brite, Filtrete, Command, Scotchgard, Meguiar’s, Nexcare, Post-it and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Live Webcast and Replay: The event will be webcast live, with a replay available on 3M's Investor Relations website, ensuring that all stakeholders can access critical information in a timely manner.
- Company Overview: 3M focuses on transforming industries by applying science and innovation to solve complex problems globally, leveraging diverse technology platforms and a global footprint to enhance operational efficiency and showcase its competitive edge in the market.
- Investor and Media Contacts: Investors can reach out to Diane Farrow at (612) 202-2449, while media inquiries can be directed to a specified email, ensuring transparency and timely communication of information.
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- Investor Event Announcement: 3M has announced an investor event scheduled for July 7, 2026, which will be webcast live, allowing global investors to participate in real-time and access the latest information.
- Replay Availability: A replay of the event will be available on 3M's Investor Relations website, enabling investors who cannot attend live to view the content at their convenience, thereby enhancing information transparency and accessibility.
- Company Vision: 3M is focused on transforming industries worldwide by applying science and innovation to solve customer problems, showcasing how its multidisciplinary team leverages diverse technology platforms and a global footprint to drive industry change.
- Media and Investor Contacts: 3M has provided dedicated media and investor contact information to ensure that stakeholders can obtain necessary support and information promptly during and after the event.
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- Finalist Announcement: The 10 finalists for the 2026 3M Young Scientist Challenge have been revealed, all aged 11 to 14, showcasing innovative solutions in Climate Tech and Safety, reflecting 3M's commitment to youth science education.
- Prizes and Mentorship: Each finalist will receive exclusive mentorship from a 3M scientist and compete for a $25,000 grand prize and the title of 'America's Top Young Scientist,' which not only inspires scientific exploration among students but also enhances 3M's brand image.
- Evaluation Criteria and Process: Finalists submitted one- to two-minute videos of their projects, evaluated by judges based on creativity, scientific knowledge, and communication effectiveness, fostering scientific thinking in students while providing fresh perspectives for 3M's technology platforms.
- Historical Achievements and Impact: Past winners like Gitanjali Rao and Liam McCarty have made significant contributions in their fields, and through this challenge, 3M not only nurtures future scientists but also creates a positive societal impact.
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- Innovative Solutions: The 10 finalists of the 2026 3M Young Scientist Challenge, aged 11 to 14, showcased their innovative solutions to everyday problems through one- to two-minute videos, highlighting the enthusiasm and creativity of young scientists.
- Substantial Rewards: Each finalist will receive exclusive mentorship from a 3M scientist and compete for a $25,000 grand prize and the title of 'America's Top Young Scientist' at the final event in October, reflecting 3M's commitment to youth science education.
- Summer Mentorship Program: All finalists will participate in a summer mentorship program with 3M scientists aimed at advancing their projects, enhancing scientific knowledge and communication skills, thereby laying a foundation for future scientific careers.
- Forward-Looking Achievements: Previous challenge winners and finalists have made significant contributions in areas such as cybersecurity and food safety, demonstrating the profound impact of the 3M Young Scientist Challenge in inspiring young scientists.
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- Innovative Solutions: The 2026 3M Young Scientist Challenge recognized 37 State Merit Winners and 4 Honorable Mentions, showcasing middle school students' innovations in robotics, safety, and climate technology, highlighting the importance of science in addressing real-world issues.
- Entry Requirements: Students are required to submit a brief video explaining their original scientific solutions, evaluated on creativity, scientific knowledge, and communication skills, aimed at inspiring students to connect science with everyday life and promote STEM education.
- Award Structure: Each year, the challenge not only selects a grand prize winner and 10 finalists but also awards up to 51 State Merit Winners, recognizing students' passion for science and innovative thinking, thereby enhancing their confidence and practical skills.
- Educational Resource Support: The Young Scientist Lab, a collaboration between 3M and Discovery Education, provides free digital resources to spark curiosity and build STEM skills, helping students achieve innovation and transformation in the field of science.
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- Global Partnership: The Cadillac F1 Team has established a multi-year global partnership with 3M, aimed at enhancing car performance through lightweight materials and manufacturing optimization, thereby strengthening brand influence and market position in the competitive motorsport arena.
- Material Science Support: As the Official Material Science Partner, 3M will provide the team with support in material selection, process optimization, and laboratory testing, ensuring efficient real-time technology application on the F1 track, which accelerates product development cycles.
- Technology Validation Platform: The F1 track offers 3M a high-speed innovation environment to validate technologies and test materials under extreme conditions, allowing for rapid translation of high-performance solutions into applications for global automotive manufacturers, thus driving advancements in next-generation vehicles.
- Brand Exposure and Growth: Through the global platform of F1, 3M will enhance brand visibility, while the Cadillac F1 Team will leverage 3M's R&D capabilities to explore areas such as chassis development and advanced materials research, supporting long-term performance and efficiency improvements.
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