Argan Inc. (1AW)

Overview

Argan, Inc. is a diversified company that specializes in providing a broad range of engineering, procurement, construction, commissioning, maintenance, project development, and technical consulting services, specifically targeting the power generation market. With its roots going back to 1961 and a headquarters in Rockville, Maryland, Argan operates through its subsidiaries across various segments including Power Services, Industrial Services, and Telecom Services. The company’s expertise spans from the development of large-scale energy projects involving alternative energy facilities such as biomass plants, wind farms, and solar fields, to industrial construction and telecommunications infrastructure. By serving a wide array of clients including independent power project owners, public utilities, industrial companies, and government agencies, Argan plays a pivotal role in the construction and maintenance of significant infrastructure across the United States.

Products and Services

• Power Services

  This segment delivers comprehensive solutions for the energy sector, focusing on engineering, procurement, and construction (EPC) services. Argan helps in designing, building, and commissioning major energy projects, catering to the needs of the alternative energy facilities, including biomass, wind, and solar projects. With a portfolio that includes projects totaling around 18 gigawatts of generating capacity, the company serves a variety of stakeholders such as independent power project owners, public utilities, and equipment suppliers.

• Industrial Services

  The Industrial Services segment offers a wide range of services including industrial construction, field services, and vessel fabrication, primarily targeting clients in the fertilizer, engineering and construction, and forest products sectors, among others. Operating mainly in the southeastern United States, this segment provides specialized services for the efficient completion and operational success of industrial projects.

• Telecom Services

  Argan's Telecom Services segment addresses the growing need for telecommunications infrastructure through services such as trenchless directional boring and excavation for underground communication and power networks, as well as aerial cabling services. It also specializes in the installation of buried cable, high and low voltage electric lines, and outdoor lighting systems, alongside providing structured cabling services essential for the physical transport of high-speed data, voice, video, and security networks. Serving a diverse client base, including electricity cooperatives, state and local government agencies, and federal government facilities, this segment ensures robust telecommunication networks across the mid-Atlantic region of the United States.