3M Company (NYSE:MMM) is included among the 13 Best Diversified Dividend Stocks to Buy Right Now.

On March 19, 3M Company (NYSE:MMM) said it has entered into a definitive agreement to acquire Madison Fire & Rescue in partnership with Bain Capital. As part of the deal, the two will form a new joint venture. 3M will contribute its Scott Safety business, receive $700 million in cash at closing, and hold a 50.1% stake in the new entity. Bain Capital will own the remaining 49.9%. The company said its experience in the safety space, combined with Bain Capital’s ability to integrate businesses and drive growth, makes the partnership a strong fit.

Madison Fire & Rescue brings a portfolio focused on rescue technology and fire suppression. Its brands include Holmatro, Amkus, Task Force Tips, Fire Fighting Systems, and Waterax. The business aligns with 3M in areas such as innovation, product quality, and brand strength. The company said combining Scott’s Self-Contained Breathing Apparatus (SCBA) offerings with Madison Fire & Rescue’s portfolio should expand its ability to serve firefighters, first responders, and industrial workers.

Under the terms of the agreement, 3M and Bain Capital will acquire Madison Fire & Rescue from Madison Industries for $1.95 billion. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.

3M Company (NYSE:MMM) operates as a diversified technology company. It manufactures and markets a wide range of products and services across its Safety and Industrial, Transportation and Electronics, and Consumer segments.

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