WICHITA — In a move that could make it the area’s largest grounds maintenance company, Complete Landscaping Systems has purchased Green Thumb for almost $1 million.
“It’s in a strategic position for sales because they brought in with them some key accounts we were interested in pursuing,” says Peter Salmeron, who owns Complete Landscaping.
Green Thumb has $2.6 million in annual sales.
This year, Complete Landscaping had almost $10 million in sales. With the acquisition of some additional national accounts and the purchase of Green Thumb, Salmeron expects sales to double in 2010 to almost $20 million.
Earlier this year, Inc. magazine named Complete Landscaping No. 1,582 on its annual list of the 5,000 fastest-growing private companies in America.
Complete Landscaping services 3,000 properties outside of Wichita.
“Every day new opportunities come our way,” Salmeron says.
His 27-year-old company has about 60 employees, as does Green Thumb.
Salmeron says the acquisition will increase Complete Landscaping’s purchasing power.
Also, he says, “It will enhance the service we will provide for our customers.”
Salmeron plans to keep Green Thumb’s management team along with most of its employees.
The purchase of the company will be complete Jan. 15.
“We have made a good-faith deposit today,” Salmeron says.