Argan Announces $8.3M Acquisition of ValCor Communications to Expand Teledata Segment

Argan, Inc. announced that its subsidiary, Southern Maryland Cable Inc. (SMC), has acquired ValCor Communications, LLC, a Connecticut-based provider of network installation and maintenance services. The acquisition is intended to expand Argan's Teledata business into the New England market and provide access to an established customer base in the defense, aerospace, and technology sectors.

Key Details

• Acquisition Price: The transaction involved an initial consideration of approximately $8.3 million.
• Financing: The acquisition was funded through a combination of cash and Argan (AGX) common stock.
• Timeline: The deal closed on July 31, 2026, and was publicly announced on August 4, 2026.
• Strategic Rationale: The acquisition provides SMC with an immediate presence in New England and access to ValCor's long-standing, premier customer relationships.