Processing timeline
29
days
Acquirer(s)
Fire Safety Platform Holding, LP State of Delaware, Division of Corporations - 10541621
Target(s) or Vendor(s)
Madison Safety & Flow Holdings LLC State of Delaware, Division of Corporations - 7811257
Other parties
Bain Capital Investors, LLC IRS EIN - 81-2878769, Madison Industrial Solutions Corporation State of Delaware, Division of Corporations - 5633530, 3M Company IRS EIN - 41-041777
3M Company and Bain Capital Investors, LLC are forming a joint venture. The new partnership will acquire Madison Safety & Flow Holdings LLC, a manufacturer of first responder equipment, and hold 3M’s self-contained breathing apparatus business. 3M will own 50.1% and Bain Capital 49.9% of the joint venture.
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.