Industry News

Verisk Analytics business, and Guidewire Software, Inc., a provider of software products to property/casualty insurers, today announced that Verisk Insurance Solutions has joined Guidewire PartnerConnect™ as a Solution Partner. The companies also announced Verisk’ s participation..."/>
Guidewire Software Announces Addition of Verisk Insurance Solutions as New Solution Alliance Partner
Sterling Construction Company, Inc. today announced that its affiliate, Myers& Sons Construction, was selected as part of a joint venture with Steve P. Rados, Inc., by the City of Modesto, California for the design and construction of a major wastewater recycling system for the Del Puerto Water District. Sterling’ s portion of the $40 million project is approximately $20 million."/>
Sterling Construction Company, Inc. Selected as Part of JV with Steve P. Rados, Inc. on Wastewater Project in Modesto, California
UniFirst Corp. has completed its acquisition of US-based Arrow Uniform for approximately USD 122 m, the company said. The all-cash transaction is structured as an asset acquisition, with UniFirst acquiring substantially all of Arrow's assets and virtually none of its liabilities. UniFirst is a provider of workplace uniforms and facility service programs to businesses, large and small, within a wide..."/>
UniFirst Closes USD 122m Acquisition of Arrow Uniform
Ener-Core, Inc., a developer of innovative gas conversion technologies for global commercial and industrial facilities, and the Dresser-Rand business, part of Siemens Power and Gas Division, have achieved substantial integration of Ener-Core's 2 megawatt Power Oxidizer with the Dresser-Rand KG2 gas turbine. As a result, the Dresser-Rand business has released its previously agreed $1.1 million escrow payment to Ener-Core. The integrated product..."/>
Ener-Core Receives $1.1 Million From the Dresser-Rand Business
Grande West Transportation Group Inc.– September 26, 2016:, a manufacturer of heavy-duty mid-sized transit buses for sale in Canada and the United States, is pleased to announce it has received new orders from BC Transit for seventeen Vicinity buses totalling $6 million CAD. The order is for fourteen 30 foot and three 35 foot Vicinity buses for 2017 delivery. This is in addition to BC Transit's initial order for forty-one 30 foot Vicinity buses valued at..."/>
Grande West Receives BC Transit Order for Vicinity 35 Foot Buses
VirTra Systems, Inc., a leading provider of use of force simulators and firearms training simulators, today announced that it has received two indefinite delivery/indefinite quantity contracts from U.S. Customs and Border Protection, an agency within the U.S. Under the first $3.2 million IDIQ award VirTra will be the sole provider of ongoing service and maintenance on law enforcement training simulators installed by the company under a previous..."/>
VirTra Receives $12.2 Million in Follow-On IDIQ Awards from U.S. Customs and Border Protection
Sparton Navigation and Exploration, a business unit of Sparton Corporation, announced the release of the revolutionary AHRS-M2. The AHRS-M2 is a next generation Attitude Heading Reference System that delivers industry leading heading accuracy. The AHRS-M2 is a fully temperature compensated, micro-sized, light weight, low power AHRS product with a revolutionary built-in adaptive-calibration mode."/>
Sparton Navigation and Exploration Launches Next Generation AHRS with the AHRS-M2
Alaska Air Group, Inc., parent company of Alaska Airlines, and Virgin America Inc. today announced that each carrier has agreed with the Antitrust Division of the United States Department of Justice to extend the date of their timing agreement, stating the parties will not consummate the acquisition prior to Oct. 17, unless the DOJ provides written concurrence to close within a shorter period. The parties previously agreed to..."/>
Alaska Air Group and Virgin America Agree to Extend Regulatory Review of Proposed Merger
Torrey Foster Joins Korn Ferry as Vice Chairman
Jason Industries, Inc. today announced that it will participate in the Deutsche Bank 2016 Leveraged Finance Conference at The Phoenician in Phoenix, Arizona on September 28, 2016. Sarah Lauber, Senior Vice President and Chief Financial Officer, John Hengel, Vice President of Finance and Treasurer, and Chad Paris, Vice President, Investor Relations are scheduled to present at 8:00AM Mountain Time, and will participate in small group meetings during the..."/>
Jason Industries to Participate in Deutsche Bank Leveraged Finance Conference
MagneGas Corporation a leading technology company that counts among its inventions a patented process that converts liquid and renewable liquid into MagneGas2 ® fuel, announced today that it has taken receipt of the final shipment of the previously announced purchase order for 2,000 fuel cylinders. This purchase was the result of a growing demand for MagneGas2 ® which has created a customer backlog."/>
MagneGas Completes Purchase of 2,000 Additional Fuel Cylinders to Accommodate Accelerating Demand for MagneGas2®
Hurco Companies, Inc., showcased manufacturing technologies that solve the problems manufacturers confront each day at the International Manufacturing Technology Show in Chicago that took place from Sept. 12-17. IMTS was the first trade show that featured all three Hurco Companies, Inc., brands at one venue. In addition to the well-established Hurco brand of CNC machines, the brands of CNC machines that Hurco Companies purchased in 2015, Takumi..."/>
Hurco Technology Empowers Manufacturers at the International Manufacturing Technology Show
Air Canada announced today that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C $1.25 billion refinancing transaction."/>
Air Canada Announces Pricing of C$1.25 Billion Refinancing
Air Canada announced today that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C $1.25 billion refinancing transaction."/>
Air Canada Announces Pricing of C$1.25 Billion Refinancing
Federal-Mogul Holdings Corporation not already owned by IEH. Tendering stockholders will be paid $9.25 per share in cash. IEH currently owns approximately 82% of the outstanding Shares."/>
Icahn Enterprises L.P. Announces Commencement Of Tender Offer For All Outstanding Shares Of Common Stock Of Federal-Mogul Holdings Corporation At $9.25 Per Share In Cash
USG Corporation declared on Friday that Jennifer F. Scanlon succeeds James S. Metcalf to the roles of president and chief executive officer as of 31 October 2016. Metcalfe will retire as chairman of the board, president and CEO on the same date. Scanlon has been appointed a director with immediate effect."/>
USG names Jennifer F. Scanlon as president and CEO succeeding James S. Metcalfe
Willdan Group Inc revealed on Friday that as part of the New Jersey's Clean Energy Program it has won a Direct Install Program contract. Also, the two year contract term has optional extensions and the company expects that the contract to contribute about USD5m annually in revenue, over its duration. It was chosen as the preferred Direct Install contractor to implement the services such as marketing, customer enrolment/application, on-site energy assessment and the..."/>
Willdan wins Direct Install Services contract as part of NJCEP
TASER International and the global leader in digital evidence management solutions with the leading body-worn camera, today announced the purchase of 250 Axon Body 2 cameras and 393 TASER ® X26P™ Smart Weapons by the El Paso County Sheriff's Office. EPSO secured a five-year subscription to on the Axon Officer Safety Plan. The order was received in the third quarter of 2016 and is anticipated ship in..."/>
El Paso County Sheriff's Office Deploys Axon Body 2 Cameras and TASER X26P Smart Weapons
Oshkosh Corporation stated on Friday that at its Analyst Day held on 23 September 2016, it raised its fiscal 2016 financial estimates and expects to deliver revenue growth in fiscal 2017, year-over-year. The updated estimates for fiscal 2016 are revenues of USD6.1bn, compared to the earlier USD6.2bn, The company believes it will deliver stronger expected performance in the fiscal fourth quarter of 2016, as a result of expected higher deliveries of M-ATVs in its defence..."/>
Oshkosh's analyst day raises estimates for fiscal 2016 and delivers positive outlook for fiscal 2017
Casella Waste Systems, Inc., a regional solid waste, recycling and resource management services company, today announced that it has invited certain prospective lenders to a meeting scheduled for September 27, 2016 for purposes of considering a potential debt refinancing, pursuant to which the Company intends to enter into a new term loan B facility in an amount of approximately $350,000,000 and a revolving line of credit facility in an amount of..."/>
Casella Waste Systems, Inc. Announces Plans for Potential Debt Refinancing
Astrotech Corporation, reported its financial results for the fourth quarter and fiscal year ended June 30, 2016.. "In fiscal 2016, Astrotech's revenue increased over four times to $2.7 million compared to fiscal 2015, and we continued to lay the foundation for future growth," said Thomas B. Pickens III, Chairman and CEO of Astrotech Corporation."/>
Astrotech Reports Fiscal Year 2016 Financial Results
Terex Corporation, announced today that it has modified the terms of its previously announced solicitation of consents from holders of its 6.00% Senior Notes due 2021 and 6.50% Senior Notes due 2020 to obtain certain waivers from the asset sale covenants in the indentures governing the Notes, as set forth in a Supplement to the Notice of Consent Solicitation, dated September 26, 2016, and as discussed below. The Consent Solicitation is being made in accordance..."/>
Terex Corporation Announces Amendment to Consent Solicitation
Ceres Global Ag Corp. today announced that it expects to handle between 100 and 110 million bushels of total grains during the FY2017 fiscal year, approximately double the 55.8 million bushels of total grains that company handled in FY2016. The expected growth is largely due to the successful buildout of its grain handling and shipping facility at Company's Northgate Commodities Logistics Hub located in Saskatchewan and the increased utilization..."/>
Ceres Global Ag Provides Corporate Update

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