News & Recent Events

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MFC Does it Again! Top 50 in U.S.

Mike’s Flooring Companies holds steady as #39 out of #50 for Top U.S. Specialty Flooring Retailers of 2018.

To read more visit: FCW March 18th, 2019 Edition

FCW 2019 Edition

MFC Top 40 Specialty Flooring Retailers in U.S.

Mike’s Flooring Companies came in #39 out of #50 for Top U.S. Specialty Flooring Retailers of 2017.

To read more visit: FCW March 26th, 2018 Edition

MFC 2018 FCW

Mike’s Flooring Companies Announce Record 2017 Realignments for 2018

Mike’s Flooring Companies (MFC), a rapidly growing company providing flooring solutions for multifamily, commercial and residential properties from Miami to Maine, announced today that it had closed a new credit facility and realigned certain leadership positions. This action followed a record year for the company in 2017 with revenue growth in all customer categories and geographic areas. MFC operates in six of the top 10 multifamily housing markets, as determined by a study released last Fall by FEI Multifamily.

MFC completed in February 2018 the refinancing of its short-term and long-term credit facilities with Beltway Capital Management, LLC. “We are pleased to have Beltway Capital as our strategic financial partner in order to understand Payday Loans and Defeating Debt, and believe we are able to turn more of our executive attention to our customers’ requirements,” said Mike Schreiber, MFC COO. “ We appreciate the patience and support of our long-term supplier partners, who have been with us since we started MFC 30-years ago,” he added.

After several years of growth, MFC will continue to pursue growth in its current markets while strengthening and standardizing its business process execution across all locations. An equal priority is to strengthen and deepen relationships with customers who operate in more than one of MFC’s geographic locations. To that end, the Company announced that Mike Schreiber is taking the newly created position of Chief Operating Officer to work more closely with branch office leaders and field employees. Mike will be able to spend more face time with customer executives, and assist the MFC branches to operate as ‘One Company’ in executing its internal business processes. Complementing this change, Leslie Schreiber will take the newly created position of Chief Administration Officer. Leslie’s team includes all field support activities including installer scheduling, compliance, billing, credit approval, purchasing, and vendor payables. The company has made strides in recent years to more centrally manage the functions, and will benefit from bringing the related functions under Leslie’s capable leadership.

Bart Snell was appointed MFC President and CFO, to coordinate activities across the company as well as directly manage the HQ functions of Finance, Treasury, IT, HR, and external partner relationships. Mike Schreiber, Chairman of the MFC Board of Directors, said ”,Bart has been with us since late 2013, and he has consistently provided that ‘next-level’ leadership advice and counsel we needed. We are excited with the changes announced today, as we believe we are now structured for continued growth with improved business process effectiveness and financial health.”

About MFC
MFC is celebrating its 30th anniversary in 2018, and is a privately-held company operating in the following states along the Atlantic seaboard: Florida, Georgia, North Carolina, Virginia, District of Columbia, Maryland, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, and Maine. The company provides all flooring surface solutions to retail, commercial, new construction multifamily, and property management customers. Headquartered in Chantilly, Virginia, the company has nine locations serving customer in each market, and whenever possible applies technology to reduce defects and reduce costs. 360Vision Software (previously Advanced Floorings FloorPro product line), an enterprise resource planning (ERP) software solution designed for the flooring industry, will deliver a major new version in early 2018.

Florida New Construction

Mike’s Flooring has some big and ‘new’ building projects underway, up and down the state of Florida. In Orlando, Tampa, and Ft Lauderdale we have finished or are finishing up our New Construction projects at some of the latest and greatest Hotels and Apartment buildings. We couldn’t be more please with the results!

Take a look:

MFC Makes Top 50, Consecutive Years in a Row!

Mike’s Flooring Companies came in #34 out of #50 for Top U.S. Specialty Flooring Retailers of 2016.

To read more visit: FCW May 9th, 2017 Edition

FCW 2016

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