Monday, October 25, 2021

Benchmark Group in Rogers Has New Owners

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The company did not disclose financial details of the ownership change in a news release. David Kimball (president), Jason Adams (executive vice president) and Matthew Nichols (engineering program director) are the company’s new owners. They assume ownership following the death last year of founder and chairman Paul Parks. Parks died April 18, 2020. He was 74. His estate retained ownership following his death.

Parks transitioned to the role of board chairman in February 2018 when Kimball was promoted to president.

Parks started Benchmark Group — solely as an electrical engineering firm called Paul C. Parks Engineering — in 1978, working from his house. He and his wife, Janet, were the employees. It was renamed in 1987 to reflect an expanded range of services.

In the Northwest Arkansas Business Journal’s annual list of Largest Architectural and Engineering firms published in February, Benchmark Group had 169 employees in Northwest Arkansas. That ranked second among 48 companies included on the list.

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