AcquisitionsAug 4, 2026, 04:28 PM
Argan Subsidiary Acquires ValCor Communications for $8.3M
AI Summary
Argan, Inc. announced that its wholly-owned subsidiary, Southern Maryland Cable Inc. (SMC), completed the acquisition of ValCor Communications, LLC. ValCor, a Connecticut-based provider of network installation and maintenance services, serves customers across New England. The transaction, which closed on July 31, 2026, involved an initial consideration of approximately $8.3 million, funded by cash and Argan common stock. This acquisition is expected to expand SMC's Teledata segment and strengthen its competitive position by gaining access to a premier customer base in the defense, aerospace, and technology sectors.
Key Highlights
- Argan's subsidiary, Southern Maryland Cable Inc. (SMC), acquired ValCor Communications, LLC.
- ValCor Communications is a Connecticut-based provider of network services in New England.
- The transaction closed on July 31, 2026.
- Total initial consideration was approximately $8.3 million.
- The acquisition was funded through a combination of cash and Argan common stock.
- Expands SMC's Teledata segment into New England, serving defense, aerospace, and technology sectors.
Price Impact
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