Argan, Inc., operating through its various subsidiaries, offers a comprehensive suite of services to the power generation and renewable energy sectors. These services span engineering, procurement, construction (EPC), commissioning, operations management, maintenance, project development, and technical and consulting support. The company is structured into three main operating divisions: 1. Power Industry Services: This segment specializes in delivering EPC solutions for alternative energy projects, such as biomass plants, wind farms, and solar fields. It also provides design, construction, project management, start-up, and ongoing operation services for power generation facilities, with a portfolio that includes projects accounting for approximately 15 gigawatts of power-generating capacity. Its client base includes independent power project developers, public utilities, power plant equipment suppliers, and other energy plant construction companies. 2. Industrial Fabrication and Field Services: This division provides specialized industrial field services, alongside pipe and vessel fabrication, for clients in industries such as forest products, industrial gas, fertilizer, and mining, predominantly within the southeastern United States. 3. Telecommunications Infrastructure Services: This segment offers a range of services related to communication and power networks. This includes trenchless directional boring and excavation for underground systems, aerial cabling, installation of buried cables, high and low voltage electric lines, and outdoor lighting systems. Additionally, it provides structured cabling, terminations, and connectivity solutions critical for the physical transmission of high-speed data, voice, video, and security networks. Its customers include state and local government bodies, regional communications providers, electric utilities, various commercial entities, and federal government facilities, including cleared sites, primarily located in the mid-Atlantic region of the United States. Argan, Inc. was founded in 1961 and is headquartered in Rockville, Maryland.

Getsinger Peter W

Baugher Joshua Scott

Sweeney Karen

Watson David Hibbert

Flanders Cynthia

Larroque Alexander Lisa

Following the announcement of its proposed merger with WDP, Standard & Poor's has placed ARGAN's BBB- credit rating on CreditWatch with positive outlook, signaling a potential upgrade of at least one notch. S&P cited the merger's expected benefits including increased size, strengthened rental income profile, expanded geographic diversification, and reduced client concentration risk, positioning the combined entity as a European logistics real estate leader.

ARGAN : STANDARD & POOR’S EMET UN CREDIT WATCH POSITIF SUR LA NOTATION « BBB- »

Following ARGAN's proposed merger with WDP announced on July 23, 2026, Standard & Poor's has placed ARGAN's 'BBB-' issuer credit rating on Positive CreditWatch, indicating a potential upgrade to 'BBB' upon merger completion in Q1 2027. The combined entity would benefit from increased scale, geographic diversification, reduced tenant concentration risk, and a stronger financial profile.

ARGAN: STANDARD & POOR’S PLACES THE COMPANY’S “BBB-” ISSUER CREDIT RATING ON POSITIVE CREDIT WATCH

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