UPDATED — Almost all of Complete Landscaping Systems’ local business has sold.
“We have purchased 90 percent of their local operations,” says Rick Hodge, a bankruptcy attorney.
Hodge owns Yard Concerns, a company that until now has mainly existed to service commercial and residential properties he owns.
“Now we’re going to try to grow it and branch out,” Hodge says.
During a slower season in a month or two, Hodge says he’ll relocate equipment he purchased from Complete Landscaping to another building.
“We are not Complete Landscaping by any means,” he says. “Complete is still in existence.”
Complete Landscaping owner Laura McMurray didn’t have an immediate comment.
The company, which McMurray purchased in 2010, has had a series of financial and legal issues since then, much of them stemming from a dispute with Bank of America, which once had been a large national account for the company.
“I know that Complete has been having a lot of problems,” Hodge says. “I knew they had some cash flow problems. … I’m fearful their entire ship is or was sinking.”
His career as a bankruptcy attorney influenced his decision to buy most of Complete Landscaping’s local assets and accounts, he says.
“I would hate to lose more jobs in the Wichita community,” Hodge says.
He says Complete Landscaping has some great workers who have been with the company for a long time.
“We thought, well, this might be an opportunity to help out some of the employees,” Hodge says. “Some of their key employees likely will be transitioning to us.”
McMurray says she will discuss changes at her company later this week.