Clark Construction Explained

Clark Construction Group, LLC
Type:Private
Location:Bethesda, Maryland, U.S.
Key People:Robert D. Moser, Jr., president and chief executive officer; A. James Clark
Num Employees:4,200
Founder:George Hyman
Revenue:$6.5 billion (2022)
Industry:Construction

Clark Construction, also referred to as Clark Construction Group, LLC, is a construction firm headquartered in McLean, Virginia,[1] and founded in 1906. The company had 2018 annual revenue of more than $5 billion,[2] and is one of the largest commercial and civil contractors in the country.[2] Some projects include Capital One Arena[3] and L'Enfant Plaza.[2]

History

The company traces its founding to the George Hyman Construction Company, an excavating company, in 1906. Business boomed, as it initially had the only steam shovel in Washington.[4] The company began doing construction work in 1923; its first such contract was with Wheatley Junior High School. The company was involved in numerous military construction projects during World War II.[5]

Hyman died in 1970 and was succeeded by his nephew Benjamin Rome.[5]

In 1969, A. James Clark bought the company from the Hyman family and oversaw major growth including one of its earliest projects L'Enfant Plaza in Washington. Clark formed a separate company in 1977 for non-union projects in the Washington area (Hyman legally could not bid on such projects).[6] In 1995, Clark merged construction companies of Hyman, Shirley Contracting Company, Guy F. Atkinson Construction and OMNI to form Clark Construction.[5]

In 2016, a year after Clark died, firm management bought the company from its parent Clark Enterprises, leaving the parent to concentrate on its private equity, financial and real estate markets.[6]

Subsidiaries

Notes and References

  1. Web site: Shaw . Dan . 11 April 2017 . Findorff picked for Couture project – The Daily Reporter – WI Construction News & Bids . 2017-04-12.
  2. News: Clark Construction executives buy out iconic Washington firm. 2016-01-14. WTOP. 2017-04-12. en-US.
  3. Web site: Alfred James Clark, founder of Clark Construction, dies - Washington Business Journal. Washington Business Journal. 2017-04-12.
  4. Web site: History of the Clark Construction Group, Inc. – FundingUniverse.
  5. Web site: About Us - Clark Construction. 2023-08-20.
  6. News: Niedt . Bob . January 14, 2016 . Management team buys Clark Construction (Video) . Washington Business Journal.
  7. News: Graebner . Lynn . November 15, 1998 . Electrifying purchase: Calpine buys Sacramento's Walsh Power . . July 15, 2017.
  8. Web site: 2015-02-16. CLARK CONSTRUCTION GROUP LAUNCHES C3M POWER SYSTEMS TO PERFORM WORK IN TRANSPORTATION MARKET. live. https://web.archive.org/web/20150303035332/http://www.clarkconstruction.com:80/news/clark-construction-group-launches-c3m-power-systems-perform-work-transportation-market . 2015-03-03 . Clark Construction.
  9. Web site: Horsley. Lynn. 2017-09-08. Edgemoor touts local jobs as Burns & McDonnell pushes back on KCI rejection | The Kansas City Star. 2018-02-10. Kansascity.com.