TRC
Windsor, United States
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Windsor, United States

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News Article | May 18, 2017
Site: www.prweb.com

By gaining more control over unbilled receivables with EleVia Electronic Invoicing software, national engineering leader TRC was able to reduce its Days Sales Outstanding (DSO) by 5 days in the first year of implementation. DSO is a calculation used by companies to gauge their Accounts Receivable (A/R) performance. “We send out 7,000-8,000 client invoices a month,” said Dawn Dostie, TRC’s National Billing Manager. “We initially purchased EleVia Electronic Invoicing so our Billing department could quickly see the status of all those draft invoices in the review cycle. But we found the software also gave us the ability to better manage our unbilled Receivables. As a result, we reduced DSO by 5 days in the first year of implementing EleVia Electronic Invoicing,” Dostie explained. “Because of the time savings with the automated process, we also increased productivity in our Billing Department by 20%, and were able to reduce staff by 16%,” Dostie said. EleVia Electronic Invoicing is an add-on product for the Deltek Vision ERP system that notifies invoice approvers via email when they have draft invoices to review, and provides a link directly to the invoices, which approvers can mark-up electronically. The system tracks the status of all invoices and provides a dashboard of key financials by project. “I’ve been introduced to a lot of financial software, and I’ve never seen anything comparable to EleVia Electronic Invoicing,” Dostie said. “Certainly, the fact that it integrates seamlessly with our ERP system, Deltek Vision, makes it valuable. But it’s more than that. From a financial management perspective, EleVia Electronic Invoicing gives me the kind of reports I need to improve our cash flow.” TRC plans to install the mobile version of EleVia Electronic invoicing when EleVia introduces it in summer 2017. About EleVia Software EleVia Software is a Central Consulting Group company that develops, delivers and supports software to extend the value of the Deltek Vision ERP system. EleVia Software’s products are designed to elevate and enhance key financial and operational processes for architecture, engineering and professional service firms. The products automate tasks, improve productivity, reduce operating costs, and provide valuable insight into project performance and profitability. Flagship products of the company, formerly the CCG Products division of CCG, include EleVia Electronic Invoicing, EleVia Payables Approval & Tracking, EleVia A/R Management & Collections, EleVia Field Services Suite and EleVia Advanced Search. For more information, visit http://www.eleviasoftware.com. About TRC A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure, and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. TRC trades on the NYSE under the symbol TRR. For more information, visit TRC's website at http://www.trcsolutions.com, follow us on Twitter or StockTwits at @TRC_Companies or find us on LinkedIn.


News Article | May 17, 2017
Site: globenewswire.com

HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for May 2017. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2017. This cash distribution will be paid June 15, 2017 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2017. Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa Resources Partners LP are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000. For more information please go to www.targaresources.com. Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).   Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.


News Article | May 17, 2017
Site: globenewswire.com

HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for May 2017. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2017. This cash distribution will be paid June 15, 2017 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2017. Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa Resources Partners LP are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000. For more information please go to www.targaresources.com. Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).   Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.


News Article | May 17, 2017
Site: globenewswire.com

HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for May 2017. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2017. This cash distribution will be paid June 15, 2017 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2017. Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa Resources Partners LP are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000. For more information please go to www.targaresources.com. Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).   Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.


News Article | May 17, 2017
Site: globenewswire.com

HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for May 2017. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2017. This cash distribution will be paid June 15, 2017 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2017. Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa Resources Partners LP are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000. For more information please go to www.targaresources.com. Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).   Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.


News Article | May 17, 2017
Site: globenewswire.com

HOUSTON, May 17, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) (NYSE:NGLS PRA) announced its monthly distribution on the Partnership’s 9.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units") for May 2017. Targa Resources Partners LP announced today that the board of directors of its general partner has declared a monthly cash distribution of 18.75¢ per Series A Preferred Unit, or $2.25 per Series A Preferred Unit on an annualized basis, for May 2017. This cash distribution will be paid June 15, 2017 on all outstanding Series A Preferred Units to holders of record as of the close of business on May 31, 2017. Targa Resources Partners LP is a Delaware limited partnership formed in October 2006 by its parent, Targa Resources Corp. (“TRC” or the “Company”), to own, operate, acquire and develop a diversified portfolio of complementary midstream energy assets. On February 17, 2016 TRC completed the acquisition of all outstanding common units of the Partnership. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa Resources Partners LP are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000. For more information please go to www.targaresources.com. Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future, are forward-looking statements. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Partnership’s control, which could cause results to differ materially from those expected by management of the Partnership. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the timing and success of business development efforts; and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Partnership's filings with the Securities and Exchange Commission, including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Partnership does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b).   Brokers and nominees should treat one hundred percent (100.0%) of Targa Resources Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Targa Resources Partners LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.


News Article | June 8, 2017
Site: globenewswire.com

LOWELL, Mass., June 08, 2017 (GLOBE NEWSWIRE) -- TRC Companies, Inc. (NYSE:TRR) (“TRC”), a recognized leader in engineering, environmental consulting and construction-management services, today announced that TRC stockholders adopted the definitive merger agreement with affiliates of New Mountain Partners IV, L.P. (“NMC”) dated as of March 30, 2017, with approximately 85.0 percent of shares outstanding and entitled to vote as of the record date cast in favor of the proposal at the special stockholders’ meeting. As announced on March 31, 2017, TRC and certain affiliates of NMC, an investment fund managed by New Mountain Capital, L.L.C., entered into a definitive merger agreement under which such affiliates of NMC would acquire TRC in an all-cash transaction valued at $17.55 per share of TRC’s outstanding common stock. TRC stockholder approval was a condition to the merger. With approval by TRC stockholders, TRC and NMC expect to complete the transaction later this month. A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC (www.TRCsolutions.com) is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. TRC trades on the NYSE under the symbol TRR. Follow us on Twitter and StockTwits at @TRC_Companies and on LinkedIn. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with approximately $15 billion in aggregate capital commitments. New Mountain Capital seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com. Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to the proposed transaction and business combination among certain affiliates of NMC and TRC, including statements regarding the benefits and the anticipated timing of the transactions. Investors can generally identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. Investors should consider statements that contain these words carefully because they discuss TRC's future expectations, contain projections of TRC's future results of operations or of its financial condition, or state other "forward-looking" information. There may be events in the future that TRC is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, (i) the risk that the proposed transactions may not be completed in a timely manner or at all, which may adversely affect TRC's business and the price of the common stock of TRC, (ii) the failure to satisfy the conditions to the consummation of the proposed transactions, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transactions on TRC's business relationships, operating results, and business generally, (v) risks that the proposed transactions disrupt current plans and operations of TRC and potential difficulties in TRC's employee retention as a result of the transactions, (vi) risks related to diverting management's attention from TRC's ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against TRC, its officers or directors related to the merger agreement or the proposed transactions, (viii) the possibility that competing offers or acquisition proposals for TRC will be made, (ix) the ability of NMC to implement its plans, forecasts, and other expectations with respect to TRC's business after the completion of the proposed transactions and realize additional opportunities for growth and innovation and (x) the risk that the merger agreement may be terminated in circumstances that would require TRC to pay the affiliates of NMC the termination fee provided under the merger agreement. In addition, please refer to TRC's reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TRC assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.


News Article | June 8, 2017
Site: globenewswire.com

LOWELL, Mass., June 08, 2017 (GLOBE NEWSWIRE) -- TRC Companies, Inc. (NYSE:TRR) (“TRC”), a recognized leader in engineering, environmental consulting and construction-management services, today announced that TRC stockholders adopted the definitive merger agreement with affiliates of New Mountain Partners IV, L.P. (“NMC”) dated as of March 30, 2017, with approximately 85.0 percent of shares outstanding and entitled to vote as of the record date cast in favor of the proposal at the special stockholders’ meeting. As announced on March 31, 2017, TRC and certain affiliates of NMC, an investment fund managed by New Mountain Capital, L.L.C., entered into a definitive merger agreement under which such affiliates of NMC would acquire TRC in an all-cash transaction valued at $17.55 per share of TRC’s outstanding common stock. TRC stockholder approval was a condition to the merger. With approval by TRC stockholders, TRC and NMC expect to complete the transaction later this month. A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC (www.TRCsolutions.com) is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. TRC trades on the NYSE under the symbol TRR. Follow us on Twitter and StockTwits at @TRC_Companies and on LinkedIn. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with approximately $15 billion in aggregate capital commitments. New Mountain Capital seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com. Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to the proposed transaction and business combination among certain affiliates of NMC and TRC, including statements regarding the benefits and the anticipated timing of the transactions. Investors can generally identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. Investors should consider statements that contain these words carefully because they discuss TRC's future expectations, contain projections of TRC's future results of operations or of its financial condition, or state other "forward-looking" information. There may be events in the future that TRC is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, (i) the risk that the proposed transactions may not be completed in a timely manner or at all, which may adversely affect TRC's business and the price of the common stock of TRC, (ii) the failure to satisfy the conditions to the consummation of the proposed transactions, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transactions on TRC's business relationships, operating results, and business generally, (v) risks that the proposed transactions disrupt current plans and operations of TRC and potential difficulties in TRC's employee retention as a result of the transactions, (vi) risks related to diverting management's attention from TRC's ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against TRC, its officers or directors related to the merger agreement or the proposed transactions, (viii) the possibility that competing offers or acquisition proposals for TRC will be made, (ix) the ability of NMC to implement its plans, forecasts, and other expectations with respect to TRC's business after the completion of the proposed transactions and realize additional opportunities for growth and innovation and (x) the risk that the merger agreement may be terminated in circumstances that would require TRC to pay the affiliates of NMC the termination fee provided under the merger agreement. In addition, please refer to TRC's reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TRC assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.


News Article | June 8, 2017
Site: globenewswire.com

LOWELL, Mass., June 08, 2017 (GLOBE NEWSWIRE) -- TRC Companies, Inc. (NYSE:TRR) (“TRC”), a recognized leader in engineering, environmental consulting and construction-management services, today announced that TRC stockholders adopted the definitive merger agreement with affiliates of New Mountain Partners IV, L.P. (“NMC”) dated as of March 30, 2017, with approximately 85.0 percent of shares outstanding and entitled to vote as of the record date cast in favor of the proposal at the special stockholders’ meeting. As announced on March 31, 2017, TRC and certain affiliates of NMC, an investment fund managed by New Mountain Capital, L.L.C., entered into a definitive merger agreement under which such affiliates of NMC would acquire TRC in an all-cash transaction valued at $17.55 per share of TRC’s outstanding common stock. TRC stockholder approval was a condition to the merger. With approval by TRC stockholders, TRC and NMC expect to complete the transaction later this month. A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC (www.TRCsolutions.com) is a national engineering, environmental consulting and construction management firm that provides integrated services to the power, environmental, infrastructure and oil and gas markets. TRC serves a broad range of commercial, industrial and government clients, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. TRC trades on the NYSE under the symbol TRR. Follow us on Twitter and StockTwits at @TRC_Companies and on LinkedIn. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity and credit funds with approximately $15 billion in aggregate capital commitments. New Mountain Capital seeks out what it believes to be the highest-quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit www.newmountaincapital.com. Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to the proposed transaction and business combination among certain affiliates of NMC and TRC, including statements regarding the benefits and the anticipated timing of the transactions. Investors can generally identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. Investors should consider statements that contain these words carefully because they discuss TRC's future expectations, contain projections of TRC's future results of operations or of its financial condition, or state other "forward-looking" information. There may be events in the future that TRC is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, (i) the risk that the proposed transactions may not be completed in a timely manner or at all, which may adversely affect TRC's business and the price of the common stock of TRC, (ii) the failure to satisfy the conditions to the consummation of the proposed transactions, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transactions on TRC's business relationships, operating results, and business generally, (v) risks that the proposed transactions disrupt current plans and operations of TRC and potential difficulties in TRC's employee retention as a result of the transactions, (vi) risks related to diverting management's attention from TRC's ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against TRC, its officers or directors related to the merger agreement or the proposed transactions, (viii) the possibility that competing offers or acquisition proposals for TRC will be made, (ix) the ability of NMC to implement its plans, forecasts, and other expectations with respect to TRC's business after the completion of the proposed transactions and realize additional opportunities for growth and innovation and (x) the risk that the merger agreement may be terminated in circumstances that would require TRC to pay the affiliates of NMC the termination fee provided under the merger agreement. In addition, please refer to TRC's reports filed with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These filings identify and address other important risks and uncertainties that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this communication. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and TRC assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.


News Article | February 23, 2017
Site: globenewswire.com

HOUSTON, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”) today announced that it has completed the 2016 tax packages for the following groups of unitholders, including Schedules K-1: The tax packages are available online by accessing the Partnership's website at www.targaresources.com, and the Partnership expects to complete the tax package mailing by Friday, February 24, 2017. A link to K-1 Tax Support is located at the top right of the page.  The tax packages can also be accessed directly at: https://www.partnerdatalink.com/Targa/. Changes to tax packages for Targa Resources Partners LP common units can be (i) made via either of the websites shown above, (ii) submitted by email to TargaK1Help@deloitte.com, (iii) faxed to (215) 982-6302, (iv) directed to the Partnership's K-1 call center at (877) 742-0133, or (v) mailed to: Similarly, changes to tax packages for Targa Resources Partners LP Series A Preferred Units can be (i) made by clicking https://www.PartnerDataLink.com/TargaPrefA or www.targaresources.com, (ii) submitted by email to TargaPreferredAK1Help@deloitte.com, (iii) faxed to (215) 982-6302, (iv) directed to the Partnership’s K-1 call center at (844) 435-5150, or (v) mailed to the post office box shown above. Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream energy companies in North America. TRC owns, operates, acquires, and develops a diversified portfolio of complementary midstream energy assets. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL products, including services to LPG exporters; gathering, storing, and terminaling crude oil; storing, terminaling, and selling refined petroleum products. The principal executive offices of Targa are located at 1000 Louisiana, Suite 4300, Houston, TX 77002 and their telephone number is 713-584-1000.  For more information please go to www.targaresources.com.

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