3M Mergers and Acquisitions Summary

Diversified Company

3M has acquired 80 companies, including 8 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 19 assets.

3M’s largest acquisition to date was in 2019, when it acquired Acelity for $6.7B. It’s largest disclosed sale occurred in 2019, when it sold Kindeva Drug Delivery to Altaris Capital Partners for $650M. 3M has acquired in 22 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%).

Join Mergr and gain access to 3M’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the diversified sector.

M&A Summary

  • M&A Total Activity99
    • M&A Buy Activity80
    • M&A Sell Activity19
  • Total Sectors Invested 19
  • Total Countries Invested 17
  • M&A Buy/Sell Connections 37
  • M&A Advisors 9

3M Company (3M)

3M Center,
St Paul, Minnesota 55144
United States,
(651) 733-1110
www.3m.com

3M Co. is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was formed in Two Harbors, Minnesota in 1902 and is currently headquartered in St. Paul, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.0/yr) # 75 1 2 1 1 - 80
vol $8.7B $2.0B $1.0B $6.7B $18.4B
Sell (1.8/yr) # 10 3 1 1 4 - 19
vol $434M $200M $766M $1.4B
  99

Most Recent M&A

Company Date Value Type
Kindeva Drug Delivery L.P. 2019-12-12 650M USD Divestiture
St Paul, Minnesota · www.kindevadd.com
3M Co. - Drive Thru Communications Systems Business 2019-09-04 - Divestiture
St Paul, Minnesota
3M Co. - Ballistic Protection Business 2019-08-09 116M USD Divestiture
St. Paul, Minnesota
3M Co. - Gas & Flame Detection Business 2019-06-05 - Divestiture
St Paul, Minnesota
Acelity LP, Inc. 2019-05-02 6.7B USD Add-on Acquisition
San Antonio, Texas · www.acelity.com
MModal, Inc. - Technology Business 2018-12-19 1.0B USD Divestiture
Pittsburgh, Pennsylvania
3M Co. - Noise, Environmental, and Heat Stress Monitoring Products 2018-02-06 - Divestiture
St Paul, Minnesota
Elution Technologies 2017-09-07 - Add-on Acquisition
Colchester, Vermont · www.elutiontechnologies.com
Attenti 2017-06-01 200M USD Divestiture
Odessa, Florida
Scott Safety Supply Services, Inc. 2017-03-16 2.0B USD Divestiture
Whitecourt, Alberta · www.scottsafety.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 20 (25%) 1.4B (7%) - -
Medical Products 14 (18%) 7.6B (41%) - -
Consumer Products 9 (11%) - 3 (16%) -
Information Technology 6 (8%) 1.7B (9%) 3 (16%) -
Test/Measurement Equipment 6 (8%) - 1 (5%) -
Software 5 (6%) - 1 (5%) 85M (6%)
Technology Hardware 1 (1%) - 4 (21%) 200M (14%)
Safety/Security 3 (4%) 3.7B (20%) 1 (5%) 116M (8%)
Life Science 1 (1%) 80M (< 1%) 3 (16%) 999M (71%)
Chemicals 3 (4%) - - -
Apparel/Textiles 2 (3%) - - -
Building Materials 2 (3%) - - -
Machinery 2 (3%) 1.0B (5%) - -
Plastics 1 (1%) 860M (5%) 1 (5%) -
Aerospace 1 (1%) - - -
Business Services 1 (1%) - - -
Electronics 1 (1%) 110M (1%) - -
Energy Services and Equipment 1 (1%) 2.0B (11%) - -
Marketing 1 (1%) - - -
Communications - - 1 (5%) -
Electrical Equipment - - 1 (5%) -
Total 80 $18.4B 19 $1.4B

By Geo

State/Country Buy Value Sell Value
United States 50 16.1B 18 1.1B
  Minnesota 4 4.7B 11 851M
  California 7 1.3B - -
  North Carolina 5 1.0B 1 -
  Colorado 4 - 1 -
  Massachusetts 4 95M - -
  Texas 3 6.7B - -
  Ohio 3 - - -
  Florida 2 - 1 200M
  New Jersey 2 - - -
  Maryland 2 - - -
  Pennsylvania 2 1.0B - -
  New York 1 - 1 -
  Michigan 1 - 1 -
  New Hampshire 1 - - -
  Indiana 1 1.2B - -
  Illinois 1 110M - -
  Georgia 1 - - -
  Wisconsin 1 - - -
  Washington 1 - - -
  Vermont 1 - - -
  Oklahoma 1 - - -
United Kingdom 6 80M - -
Canada 4 2.0B - -
  Ontario 2 - - -
  Quebec 1 - - -
  Alberta 1 2.0B - -
Brazil 3 - - -
Australia 1 - 1 349M
France 2 - - -
Germany 2 - - -
Poland 2 - - -
Switzerland 2 - - -
Chile 1 - - -
Israel 1 230M - -
Italy 1 - - -
Japan 1 - - -
Norway 1 - - -
Peru 1 - - -
Sweden 1 - - -
Taiwan 1 - - -
Domestic 50 (63%) 16.1B (87%) 18 (95%) 1.1B (75%)
Cross-border 30 (38%) 2.3B (13%) 1 (5%) 349M (25%)
Total 80 $18.4B 19 $1.4B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
3
Morgan Stanley
2
Prestwick Partners LLC
2
Legal Deals
Cleary Gottlieb Steen & Hamilton LLP
3
Hogan Lovells
1

Deal Values

buy # Total
> $1B 7 $15.8B
$100M to $1B 5 $2.4B
< $100M 2 $175M
TOTAL $18.4B
Largest Acelity LP, Inc.
$6.7B (2019-05-02)
sell # Total
$100M to $1B 4 $1.3B
< $100M 1 $85M
TOTAL $1.4B
Largest Kindeva Drug Delivery L.P.
$650M (2019-12-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
47%
9 47%
Strategic(s)
53%
10 53%
Divested to
PE Firm(s)
35%
7 35%
Strategic(s)
65%
13 65%

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