Argan, Inc. Relocates Corporate Headquarters to Arlington, Virginia

Rhea-AI Summary

Argan (NYSE: AGX) has announced the relocation of its corporate headquarters to Arlington, Virginia, specifically to Two Liberty Center at 4075 Wilson Boulevard, Suite 440. The new location, situated in the Ballston section of downtown Arlington, offers strategic advantages including proximity to the nation's capital and convenient access to major transportation hubs.

The headquarters is located two blocks from the Ballston Metro station and provides quick access to Ronald Reagan Washington National Airport (15 minutes), Washington Union Station (20 minutes), and Washington Dulles International Airport (25 minutes). According to CEO David Watson, the move from Rockville, Maryland, where the company operated for over 22 years, aims to accommodate company growth, enhance employee recruitment and retention, and foster improved collaboration.

Positive

• Strategic location near Washington D.C. with improved accessibility to transportation hubs
• Enhanced potential for employee recruitment and retention in dynamic metro area
• Improved facilities for company growth and collaboration

Negative

• None.

ARLINGTON, Va.--(BUSINESS WIRE)-- Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announced that it has moved its corporate headquarters to Arlington, Virginia. The new location at Two Liberty Center, 4075 Wilson Boulevard, Suite 440, is just minutes from the nation’s capital, and provides convenient access for customers, investors and employees, as well as proximity to a variety of restaurants, hotels and other amenities, most within walking distance from the new office.

Argan’s new corporate headquarters location is in the heart of the Ballston section of downtown Arlington, two blocks from the Ballston Metro station. The new offices are also conveniently located near Ronald Reagan Washington National Airport (15 minutes) and Washington Union Station (20 minutes) and offer easy access to Washington Dulles International Airport (25 minutes).

David Watson, Chief Executive Officer, commented, “We are thrilled with the move to our new headquarters location in Arlington, Virginia. We believe the location and layout will accommodate the Company’s continued growth, improve recruitment and retention of employees, and facilitate greater collaboration and a more productive overall work environment. The Washington metro area has a dynamic and robust economy with a quality workforce, and we look forward to leveraging our new location to enhance the experience of Argan’s current and future employees, partners and customers. The Company’s more than 22 years in Rockville, Maryland where Argan was founded, have been both meaningful and productive, and we look forward to continuing our success in our new home in Arlington.”

About Argan

Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250310305338/en/

Company Contact:

David Watson

301.315.0027

Investor Relations Contacts:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203.972.9200

Source: Argan, Inc.

FAQ

Where is Argan's (AGX) new headquarters located?

Argan's new headquarters is located at Two Liberty Center, 4075 Wilson Boulevard, Suite 440 in Arlington, Virginia, in the Ballston section of downtown Arlington.

Why did Argan (AGX) move its headquarters to Arlington?

The move aims to accommodate company growth, improve employee recruitment and retention, and facilitate greater collaboration in a more productive work environment.

How long was Argan (AGX) headquartered in Rockville, Maryland?

Argan was headquartered in Rockville, Maryland for more than 22 years before relocating to Arlington, Virginia.

What transportation options are available near Argan's (AGX) new headquarters?

The new location is two blocks from Ballston Metro station and offers quick access to Reagan National Airport (15 min), Union Station (20 min), and Dulles Airport (25 min).