Transactions

Metcash Automotive Holdings – acquisition of Midas Australia

Miles Advisory Partners acted as advisor to Metcash Automotive Holdings on their acquisition of Midas Australia Pty Ltd

Transaction Details

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Sector
Consumer
Miles Role

Buy-side advisor to Metcash Automotive Holdings (ASX: MTS)

Deal Type

Mergers & Acquisitions

Year Completed

2014

Contacts for this Transaction
Lloyd Way
Managing Director
Contact Lloyd Way

Overview

  • Midas Australia is an internationally recognised automotive service brand, specialising in car servicing, brakes, suspension and exhausts
  • Established in Tasmania in 1976, the business had at the time of transaction grown to a national network of 88 sites (26 corporately owned and 62 franchised) offering a fully integrated automotive servicing model
  • The acquisition complemented Metcash Automotive’s existing wholesale distribution and retail franchise businesses (Autobarn, Autopro, Carparts), positioning the group as a fully integrated operator across the Australian automotive aftermarket — from parts distribution through to retail and service
  • Metcash sold its Automotive segment, including Midas Australia, to Bapcor (Burson Group at the time) in 2015

Further information on this transaction is available at: Midas Australia / Metcash Press Release