What is Morrie's Auto Group?
Founded in 1960 and headquartered in Minnetonka, MN, Morrie's Auto Group is a prominent automotive retailer operating dealerships across Minnesota and Wisconsin. The group boasts an extensive portfolio of new car brands, including Aston Martin, Audi, Bentley, Cadillac, Ford, Genesis, Hyundai, Lincoln, Mazda, Maserati, Nissan, Mercedes, Subaru, and Volkswagen. With two new stores under construction for Honda and Jaguar/Land Rover, Morrie's is actively expanding its footprint and brand representation.
How much funding has Morrie's Auto Group raised?
Morrie's Auto Group has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for Morrie's Auto Group?
The recent major strategic investment signals a pivotal moment for Morrie's Auto Group, likely enabling accelerated expansion and operational enhancements. This capital infusion is expected to fuel the completion of new dealership projects and potentially support further market penetration or diversification within the automotive industry. The company's trajectory suggests a focus on scaling its established dealership network and solidifying its position as a leading automotive retailer in the Midwest.
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