Wholesale Floors, Inc. ~ Management Buyout ~ June 2008
Wholesale Floors (WFI) is the
largest provider of design and installation services for
commercial flooring projects in the state of Arizona. WFI serves
a diverse customer base ranging from hospitals and schools to
restaurants and sports stadiums with a focus on the education,
healthcare, municipal and corporate sectors. Representative end
clients include PetSmart, Houston’s Restaurants, Peter Piper,
Monster.com, Avnet, Prudential, Cardinal’s Stadium, Phoenix
Convention Center and Mayo Clinic. WFI’s strategy is to leverage
its dominant position in the Phoenix market by expanding through
add-on acquisitions in the Southwest and West regions.
Taglich Brothers provided the
majority of the required $7.0 million of equity capital. The
transaction's sponsor, Weatherly Group, LLC, arranged for
sub-debt financing from SPP Mezzanine Partners II, who was a
co-investor in the company, and Triangle Capital Corporation.
Senior credit facilities were provided by Arizona Business Bank.
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Taglich Brothers, Inc.
