What is Morgan Distributing?
Morgan Distributing, Inc. (MDI) is dedicated to providing high-value products and economic efficiency to its clientele. The company places a strong emphasis on sustainability, striving to create a better future through responsible operations. MDI implements energy-saving processes, adheres to the latest industry specifications, and maintains a keen environmental awareness. A key aspect of its sustainability efforts includes a comprehensive 100% recycling program for all used filters, utilizing specialized bins to divert used oil from landfills and enabling the reuse and recycling of filter components. MDI is licensed as a Used Oil Collector, leveraging collected used oil to power its boiler system for heating lubricant tanks, thereby utilizing a renewable energy source.
How much funding has Morgan Distributing raised?
Morgan Distributing has raised a total of $1.4M across 2 funding rounds:
Debt
$350K
Debt
$1M
Debt (2020): $350K with participation from PPP
Debt (2021): $1M led by PPP
What's next for Morgan Distributing?
The recent major strategic investment signifies a pivotal moment for Morgan Distributing, positioning it for accelerated expansion and enhanced operational capabilities. This capital infusion is expected to fuel further advancements in its sustainability initiatives, potentially expanding its recycling infrastructure and energy-efficient processes. The company's focus on renewable energy sources and waste reduction, coupled with its established market presence, suggests a trajectory towards greater industry leadership in environmentally conscious distribution services. Future growth may involve scaling its recycling operations and exploring new avenues for sustainable product offerings.
See full Morgan Distributing company page
