Argan, Inc. (NYSE: AGX) to expand teledata reach with $8.3M ValCor deal
Rhea-AI Filing Summary
Argan, Inc., through its wholly owned subsidiary Southern Maryland Cable Inc. (SMC), has completed the acquisition of ValCor Communications, LLC, a Connecticut-based provider of installation, maintenance and repair services for information, communication and data networks across New England. The transaction closed on July 31, 2026 with total initial consideration of approximately $8.3 million, paid in a combination of cash and Argan common stock.
ValCor, established in 1997, serves customers in the defense, aerospace and technology sectors and maintains long-standing relationships, including with Fortune 500 technology companies. Argan states that the deal is a bolt-on acquisition that expands SMC’s Teledata segment into New England and broadens access to defense, aerospace, healthcare, banking, higher education and technology clients.
Management from Argan, SMC and ValCor describe the combination as complementary, highlighting ValCor’s specialized workforce, regional presence and reputation, and indicating an intention to invest in the team to support current and future customer demand.
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FAQ
What transaction did Argan (AGX) report on August 4, 2026?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
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Title of Each Class: | Trading Symbol(s): | Name of Each Exchange on | ||
Item 8.01. Other Events.
On August 4, 2026, Argan, Inc. (“Argan”) issued a press release (the “Press Release”) announcing that its wholly-owned subsidiary, Southern Maryland Cable Inc. (“SMC”), has completed the acquisition of ValCor Communications, LLC (“ValCor”), a Connecticut-based provider of installation, maintenance, and repair services for information, communication, and data networks serving customers across New England. The transaction closed July 31, 2026, with total initial consideration of approximately $8.3 million, funded through a combination of cash and Argan common stock.
A copy of Argan’s Press Release is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. | | Description |
99.1 | Press Release issued by Argan on August 4, 2026 | |
104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| ARGAN, INC. | ||||
Date: August 4, 2026 |
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| By: |
| /s/ Joshua S. Baugher | |
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| Joshua S. Baugher | |||
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| Senior Vice President, Chief Financial Officer and Treasurer | |||
Exhibit 99.1
Argan, Inc. Expands Teledata Footprint into New
England with Acquisition of ValCor Communications
August 4, 2026 – ARLINGTON, VA – Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its wholly-owned subsidiary, Southern Maryland Cable Inc. (“SMC”), has completed the acquisition of ValCor Communications, LLC (“ValCor”), a Connecticut-based provider of installation, maintenance, and repair services for information, communication, and data networks serving customers across New England. The transaction closed July 31, 2026, with total initial consideration of approximately $8.3 million, funded through a combination of cash and Argan common stock.
Established in 1997, ValCor has built an exceptional track record serving premier customers in the defense, aerospace, and technology sectors. Its specialized expertise has supported long-standing client relationships spanning two decades or more with Fortune 500 technology companies and others in the region. These entrenched relationships significantly strengthen SMC’s competitive positioning and expand the Company’s Teledata segment into the defense, aerospace, and technology customer base across New England.
“This bolt-on acquisition expands the reach of our Teledata segment to a premier customer base that would have taken years to build organically” said David Watson, President and Chief Executive Officer of Argan. “The client relationships ValCor has built over 25 years are simply not replicable from scratch.”
“We’ve worked alongside ValCor as a teaming partner and admired their capabilities, work ethic and reputation in the field,” said Brian Orlandi, Chief Executive Officer of SMC. “Their skillset, clients, and culture made this a complementary fit. ValCor provides SMC an immediate New England anchor, a specialized skilled workforce, and direct access to the defense, aerospace, healthcare, banking, higher education, and technology clients that align perfectly with our business. We are committed to investing in this team and helping them reach their full potential.”
“Joining SMC enables us to continue providing our clients with exceptional services while scaling to meet current and future demand,” said Kevin Clark, President of ValCor. “Our team and our clients are what makes ValCor who we are, and with SMC’s support, that will only evolve into greater things in the future.”
About SMC Infrastructure Solutions
SMC Infrastructure Solutions, a subsidiary of Argan, specializes in delivering comprehensive utility infrastructure solutions to meet the evolving needs of its clients. With a focus on safety, quality, reliability,
and sustainability, SMC is dedicated to building infrastructure that allows for more robust and productive networks and systems worldwide.
For more information about SMC Please visit www.SMCiS.com
About Argan
Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides teledata infrastructure services.
Safe Harbor Statement
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.
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Company Contact: |
David Watson |
301.315.0027 Investor Relations Contacts: John Nesbett/Jennifer Belodeau IMS Investor Relations 203.972.9200 |
argan@imsinvestorrelations.com |