HOK’s Sports Design Unit Set To Split From Its Parent Firm - ENR | McGraw-Hill Construction

Description:
HOK Sports Venue Event, a major sports-facility design firm based in Kansas City, announced on Aug. 28 that it will split from its parent, HOK Group Inc., following a company buyout by a management team. The firm had been a wholly owned subsidiary of HOK Group since 2000 but part of the parent firm for 25 years. It will adopt a new name when the deal is completed by early next year, executives say. Financial details were not disclosed. “This is a logical step that will free all of us to focus on core practices,” says Clark S. Davis, HOK Group vice chairman. He says HOK Sports represents about 20% of its parent’s revenue, which totaled $650 million last year. The split “lets us plan for the future,” says Joe Spear, ...

SUBSCRIBER LOGIN User Name: Password: Forgot your password?

Monthly Subscription: Access all articles published on ENR.com for only $9.95/Month. Annual Subscription: Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $82/Year.