Argan, Inc. (NYSE: AGX) said its subsidiary Southern Maryland Cable Inc. completed the acquisition of ValCor Communications, LLC, a Connecticut-based provider of installation, maintenance, and repair services for information, communication, and data networks. The transaction closed July 31, 2026.

Total initial consideration was approximately $8.3 million, funded through a combination of cash and Argan common stock.

Founded in 1997, ValCor serves customers in the defense, aerospace, and technology sectors across New England. The acquisition extends Argan's Teledata segment into the New England region.

"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."

Brian Orlandi, Chief Executive Officer of SMC, said ValCor provides an immediate New England presence, a specialized workforce, and access to clients in defense, aerospace, healthcare, banking, higher education, and technology.

Argan's primary operations focus on engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities, conducted through its Gemma Power Systems and Atlantic Projects Company units.