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Marketwired - Utilities



Marketwired - Utilities



Last Build Date: Fri, 19 Jan 2018 17:33:37 EST

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NAPEC Inc. Announces the Acquisition of the Assets of H.T. Sweeney & Son, Inc.

Fri, 19 Jan 2018 17:01:00 EST

- The US$18 million acquisition will be financed by cash and additional credit facilities.

- H.T. Sweeney & Son, Inc. has annual revenues of approximately US$50 million.




NAPEC inc. annonce l'acquisition des actifs de H.T. Sweeney & Son, Inc.

Fri, 19 Jan 2018 17:01:00 EST

- L'acquisition d'un montant de 18 M$ US sera financée au moyen de l'encaisse et de facilités de crédit supplémentaires

- H.T. Sweeney & Son, Inc. a un chiffre d'affaires annuel d'environ 50 M$ US




NAPEC Inc. Announces Important Contract Renewals and Award of New Contracts

Fri, 19 Jan 2018 07:00:00 EST

DRUMMONDVILLE, QUEBEC--(Marketwired - Jan. 19, 2018) - NAPEC Inc. ("NAPEC" or the "Corporation") (TSX:NPC) today announced that its U.S. subsidiary Riggs Distler & Company, Inc. ("RDC") was awarded contracts representing an aggregate potential value of US $174.8 million (Cdn $217.1 million based on the current exchange rate) of which US $168.0 million (Cdn $208.6 million) relate to renewals of existing contracts and US $6.8 million (Cdn $8.4 million) is related to potential work under new contracts, as described further below. The recent award of these contracts results from bids submitted by NAPEC in the second half of 2017 in response to requests for proposals from existing customers. These contracts apply to distribution underground and overhead projects in New Jersey, Maryland, Pennsylvania and Washington, DC. The estimated values of these contracts are based on work anticipated to be awarded under these contracts between 2018 and 2020.




Napec inc. annonce le renouvellement d'importants contrats et l'obtention de nouveaux contrats

Fri, 19 Jan 2018 07:00:00 EST

DRUMMONDVILLE, QUÉBEC--(Marketwired - 19 jan. 2018) - NAPEC inc. (« NAPEC » ou la « Société ») (TSX:NPC) a annoncé aujourd'hui que sa filiale américaine Riggs Distler & Company, Inc. (« RDC ») avait remporté des contrats d'une valeur potentielle totale de 174,8 M$ US (217,1 M$ CA, au taux de change actuel), dont 168,0 M$ US (208,6 M$ CA) en contrats reconduits et 6,8 M$ US (8,4 M$ CA) en nouveaux contrats pour d'éventuels travaux décrits plus loin. L'octroi récent de ces contrats est le résultat des soumissions qu'a présentées NAPEC au deuxième semestre de 2017 en réponse à des demandes de propositions provenant de clients actuels. Les contrats concernent des projets de distribution souterrains et aériens au New Jersey, au Maryland, en Pennsylvanie et à Washington D.C. Les valeurs estimées sont basées sur les travaux qui devraient être confiés dans le cadre des contrats en question de 2018 à 2020.




Leading Independent Proxy Advisor ISS Recommends NAPEC Shareholders and Warrantholders Vote FOR the Arrangement Resolution

Thu, 18 Jan 2018 16:43:17 EST

DRUMMONDVILLE, QUEBEC--(Marketwired - Jan. 18, 2018) - NAPEC Inc. ("NAPEC" or the "Company") (TSX:NPC) is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), the leading independent proxy advisory firm, has recommended that shareholders and warrantholders vote FOR the arrangement (the "Arrangement") pursuant to which funds managed by Oaktree Capital Management L.P. ("Oaktree"), will acquire all of the issued and outstanding common shares of NAPEC for $1.95 in cash per share (the "Purchase Price") at the special meeting of shareholders and warrantholders on February 5, 2018.




weatherXchange Lists Allstate Underwriting Agencies as a Protection Seller (MGA) on the weatherXchange(R) Platform

Wed, 17 Jan 2018 20:00:00 EST

CHARLESTON, SC and HARPENDEN, UNITED KINGDOM--(Marketwired - January 17, 2018) - weatherXchange®, the platform which helps companies access index-based weather risk protection and which provides post-trade valuation and settlement services, is pleased to announce that Allstate will join weatherXchange as a Protection Seller (MGA).




Vancouver Furnace Company Cautions Clients on Pricey Servicing

Wed, 17 Jan 2018 18:58:14 EST

Vancouver furnace company says requesting estimates can help prevent price gouging




GB Energie LED Partners with IMPACT Construction, LLC to Supply Revolution Lighting's LED Solutions for Local and Federal Relief Efforts in the Virgin Islands and Puerto Rico

Tue, 16 Jan 2018 07:37:00 EST

Partnership will leverage LED solutions from Revolution Lighting Technologies to reduce energy costs and reduce lighting energy use by more than 65%