M&A Deal Summary

Metcash Acquires Midas Australia

On May 8, 2014, Metcash acquired automotive company Midas Australia

Acquisition Highlights
  • This is Metcash’s 1st transaction in the Automotive sector.
  • This is Metcash’s 2nd transaction in Australia.

M&A Deal Summary

Date 2014-05-08
Target Midas Australia
Sector Automotive
Buyer(s) Metcash
Deal Type Add-on Acquisition

Target

Midas Australia

Melbourne, Australia
Midas Australia is a provider of after-market automotive repair services in Australia. Midas Australia was formed in 1976 and is based in Melbourne.

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Buyer(S) 1

Buyer

Metcash

Macquarie Park, Australia

Category Company
Founded 1927
Sector Distribution
Employees9,000
Revenue 17.3B AUD (2025)
DESCRIPTION

Metcash is a wholesale distribution and marketing company specialising in grocery, fresh produce, liquor, hardware, automotive parts and other fast moving consumer goods. Metcash was founded in 1927 and is based in Macquarie Park, Australia.


DEAL STATS #
Overall 2 of 5
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Australia M&A 2 of 5
Year: 2014 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 Automotive Brands Group

Australia

Automotive Brands Group is a distributor and franchise operator in the automotive parts aftermarket sector, distributing product to a network of 241 stores. ABG owns and manages the Autobarn franchise, Autopro dealership groups and its Car Parts division services a further 21 independent operators.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Far North Wholesalers Pty.

Cairns, Australia

Far North Wholesalers Pty. Ltd. is a distributor of confectionery products.

Buy -