Record profits drive a surge of M&A activity among auto dealerships

Morgan Automotive Group’s revenue jumped from $3.22 billion in 2020 to $5.41 billion last year, up 68%.

Photo courtesy of Erik Mclean/Unsplash.com
Photo courtesy of Erik Mclean/Unsplash.com
  • News
  • Share

Morgan Automotive Group, to quote The Eagles, lived “life in the fast lane” in 2020-21 in terms of revenue growth. According to company spokesman Tanner Boyle, the firm’s revenue jumped from $3.22 billion in 2020 to $5.41 billion last year, up 68%. It ended 2021 with 4,593 employees.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 31, 2026
South Seas buys 22-acre artist retreat on Captiva
  • March 31, 2026
Pizzeria closes on Main Street in Sarasota
  • March 31, 2026
Naples man faces decades in prison for cheating elderly woman
  • March 31, 2026
Southwest Florida construction firm opens Tampa office

Sponsored Content