Total Tools – acquisition of 12 franchise stores by Metcash / Mitre 10

• Total Tools is the franchisor to Australia's largest professional tools retail network, serving trade and commercial customers nationally as part of Metcash's hardware pillar alongside Mitre 10 and Home Hardware
• Miles was engaged to advise Total Tools (Metcash / Mitre 10) on the acquisition of 12 franchise stores, converting franchisee-owned locations into corporately owned stores
• The transaction continues Metcash's progressive corporatisation of the Total Tools network, capturing store-level economics and strengthening control over a high-performing retail format

Industry Context

Buying established, trading stores carries lower execution risk than new-store rollouts because the locations have proven performance and embedded customer relationships. For Metcash, steadily acquiring Total Tools franchise stores deepens its exposure to the structurally growing professional tools segment, supported by sustained trade and construction demand.