NB|AZ helps local flooring company become one of nation’s largest
By Debra Gelbart
Wholesale Floors, headquartered in Phoenix, was founded in 1979 as a regional provider of commercial flooring services. The company has built a reputation for excellence, responsiveness and innovation.
Its focus is on designing and installing flooring primarily for offices, health care facilities and educational institutions. Since Josh Sugidono joined the business in 1999 and was named CEO in 2008, the company has expanded its footprint substantially. “Originally, the company focused primarily on the Arizona market,” he said, “but now we’re licensed in Nevada, Colorado and New Mexico. We also work in Texas and we’re in the process of getting licensed in California. In addition, we’re getting ready to open some satellite offices and potentially make some acquisitions.”
The company has grown from almost nothing when it started to a $50 million enterprise with more than 100 employees and 300 clients, Sugidono said. Wholesale Floors is the largest commercial floor covering company in Arizona and ranks in the top 10 nationally.
“We’ve grown our business by cultivating client relationships and committing to excellence in customer satisfaction,” he said. “We provide consistent service in multi-location projects throughout the U.S. and Canada.”
The company began doing business with National Bank of Arizona last year, after considering several banks. “We chose NB|AZ because they took the time to understand our business and the challenges we face,” he said, “and they’re committed to eliminating obstacles that come up as we grow the business. They’ve become strategic advisers for our company, so they’re a great help to us as our biggest advocates.”
NB|AZ “has a very good pulse on the Arizona economy,” he said, adding that the bankers understand the construction subcontractor economy, which directly affects Wholesale Floors. “The subcontractor market can be very volatile,” he said. “It’s rare for a bank to understand the specifics of an industry to the degree NB|AZ does.”