M&A Deal Summary

Argan Acquires Southern Maryland Cable

On July 17, 2003, Argan acquired construction company Southern Maryland Cable for 4M USD

Acquisition Highlights
  • This is Argan’s 1st transaction in the Construction sector.
  • This is Argan’s 2nd largest (disclosed) transaction.
  • This is Argan’s 1st transaction in the United States.
  • This is Argan’s 1st transaction in Maryland.

M&A Deal Summary
Date 2003-07-17
Target Southern Maryland Cable
Sector Construction
Buyer(s) Argan
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Southern Maryland Cable

Tracys Landing, Maryland, United States
Southern Maryland Cable, Inc. provides communications infrastructure installation and utility construction services to commercial customers and agencies of the United States federal government.

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Buyer(S) 1

Buyer

Argan

Rockville, Maryland, United States
Category Company
Founded 1961
Sector Construction
Employees1,214
Revenue 573M USD (2024)
DESCRIPTION

Argan is a provider of engineering, procurement, construction, commissioning, maintenance, and consulting service. Argan energy plants include simple and combined cycle natural gas-fired power plants as well as alternative energy facilities including biodiesel, ethanol, and those powered by renewable energy sources such as wind and solar. Argan was founded in 1961 and is based in Rockville, Maryland.

DEAL STATS #
Overall 1 of 5
Sector (Construction) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (Maryland) 1 of 1
Country (United States) 1 of 4
Year (2003) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-06 Vitarich Laboratories

Naples, Florida, United States

Vitarich Laboratories is an integrated manufacturer of nutraceutical products including nutritional and whole-food dietary supplements.

Buy $12M
Mergr

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