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I think this logo looks way too busy. That, with the integrated typography, lends itself to feeling like this logo is as old as the company itself. And that machine pictured means nothing to me. It doesn't say anything about flooring (for me personally). It seems like a niche tool that some people might understand, but doesn't have enough mass appeal

Agreed it is a very niche tool, but also a very niche market. The company is trying to separate themselves from HomeDepot and specializing in only products for this market. I agree that the mark could stand to be simplified overall.