3M - M&A Summary and Business Overview

DiversifiedCompany

3M M&A Summary

3M has acquired 82 companies, including 3 in the last 5 years. A total of 10 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 23 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%).

3M Business Overview

Where is 3M headquartered?

3M is headquartered in St Paul, Minnesota.

What is 3M’s revenue?

3M disclosed revenue of 34,229M USD for 2022 and 35,355M USD for 2021.

How many employees does 3M have?

3M has 92,000 employees.

What sector is 3M in?

3M is a diversified company.

When was 3M founded?

3M was founded in 1902.

M&A Summary

  • M&A Total Activity100
    • M&A Buy Activity81
    • M&A Sell Activity19
  • Total Sectors Invested 19
  • Total Countries Invested 17
  • M&A Buy/Sell Connections 37
  • M&A Advisors 9

3M

3M Company

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


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 80 - - 1 - - 81
vol $18.4B $18.4B
Sell (0.0/yr) # 19 - - - - - 19
vol $1.6B $1.6B
  100

Most Recent M&A

Company Date Value Type
LeanTec Inventory Solutions 2022-04-25 - Add-on Acquisition
Franklin, Tennessee · www.leantec.com
Kindeva Drug Delivery L.P. 2019-12-12 650M USD Divestiture
Woodbury, 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 230M USD 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 Electronic Monitoring, Ltd. 2017-06-01 200M USD Divestiture
Tel Aviv, Israel · www.attentigroup.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 20 (25%) 1.4B (7%) - -
Medical Products 14 (17%) 7.6B (41%) - -
Consumer Products 9 (11%) - 3 (16%) -
Information Technology 5 (6%) 1.4B (8%) 3 (16%) -
Software 6 (7%) - 1 (5%) 85M (5%)
Test/Measurement Equipment 6 (7%) - 1 (5%) 230M (14%)
Technology Hardware 2 (2%) 230M (1%) 4 (21%) 200M (12%)
Safety/Security 3 (4%) 3.7B (20%) 1 (5%) 116M (7%)
Life Science 1 (1%) 80M (< 1%) 3 (16%) 999M (61%)
Chemicals 3 (4%) - - -
Apparel/Textiles 2 (2%) - - -
Building Materials 2 (2%) - - -
Machinery 2 (2%) 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 81 $18.4B 19 $1.6B

By Geo

State/Country Buy Value Sell Value
United States 51 16.1B 17 1.1B
  Minnesota 4 4.7B 11 1.1B
  California 7 1.3B - -
  North Carolina 5 1.0B 1 -
  Colorado 4 - 1 -
  Massachusetts 4 95M - -
  Texas 3 6.7B - -
  Ohio 3 - - -
  Pennsylvania 2 1.0B - -
  New Jersey 2 - - -
  Maryland 2 - - -
  Florida 2 - - -
  New York 1 - 1 -
  Michigan 1 - 1 -
  Wisconsin 1 - - -
  Washington 1 - - -
  Vermont 1 - - -
  Tennessee 1 - - -
  Oklahoma 1 - - -
  New Hampshire 1 - - -
  Indiana 1 1.2B - -
  Illinois 1 110M - -
  Georgia 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 - - -
Israel 1 230M 1 200M
Poland 2 - - -
Switzerland 2 - - -
Chile 1 - - -
Italy 1 - - -
Japan 1 - - -
Norway 1 - - -
Peru 1 - - -
Sweden 1 - - -
Taiwan 1 - - -
Domestic 51 (63%) 16.1B (87%) 17 (89%) 1.1B (66%)
Cross-border 30 (37%) 2.3B (13%) 2 (11%) 549M (34%)
Total 81 $18.4B 19 $1.6B

Top M&A Advisors

Financial Deals
Goldman Sachs
3
Morgan Stanley
2
Prestwick Partners LLC
2
Legal Deals
Cleary Gottlieb Steen & Hamilton
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 5 $1.5B
< $100M 1 $85M
TOTAL $1.6B
Largest Kindeva Drug Delivery L.P.
$650M (2019-12-12)

M&A Connections

Deals
Acquired from
Investor(s)
11%
9 (11%)
Strategic(s)
11%
9 (11%)
Divested to
Investor(s)
26%
5 (26%)
Strategic(s)
68%
13 (68%)

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