3M and Bain Capital to Acquire Madison Fire & Rescue for $1.95B, Form Fire Safety Venture

3M and Bain Capital are acquiring Madison Fire & Rescue for $1.95 billion to form a new fire and safety venture. The deal aims to strengthen 3M's offerings in the fire protection and emergency services market, while also expanding Bain Capital's portfolio in the safety and security sector. The venture will focus on developing innovative solutions to improve firefighter safety and emergency response capabilities.