Argan subsidiary SMC acquires ValCor Communications for $8.3M, expanding into New England

ARGAN INC

Total initial consideration of ~$8.3M, funded by cash and Argan common stock; transaction closed July 31, 2026.
ValCor provides installation, maintenance, and repair services for information, communication, and data networks across New England.
ValCor serves defense, aerospace, and technology clients, including Fortune 500 companies with relationships spanning 20+ years.
Acquisition strengthens Argan's Teledata segment and provides immediate New England anchor and specialized workforce.
Argan CEO says bolt-on acquisition expands reach to premier customer base that would have taken years to build organically.

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