Texas Business

Correction: Bivins Gallery Solo Exhibition Announcement Featuring Richard Hickam: Expressions of Color
Correction: Bivins Gallery Solo Exhibition Announcement Featuring Richard Hickam: Expressions of Color

2017-08-04

Opening reception on Sat., September 16, 2017, 5:00 to 8:00 p.m. at Bivins Gallery in the Uptown Dallas Crescent complex. Press Release – updated: Aug 3, 2017 16:22 EDT Dallas, Texas, August 3, 2017 – Please note: This corrects a previous press release which incorrectly states that the opening reception is on October 21. The date of the opening reception is September 16. Bivins Gallery is pleased to present the vibrant paintings of master colorist Richard Hickam in Richard Hickam: Expressions of Color, on view from September 16 through October 21, 2017. The show will occupy the main gallery, and will trace Hickam’s artistic development from photorealism to large-scale abstracts to figurative abstractions, and his dedicated examination of the manipulation of color and brushstroke. Karen and Michael Bivins will host an opening reception for the exhibition with the artist in attendance at Bivins...

White Mountains Reports Second Quarter Results
White Mountains Reports Second Quarter Results

2017-08-04

On May 2, 2017, OneBeacon entered into a definitive agreement to be acquired by Intact Financial Corporation in an all-cash transaction for $18.10 per share, or roughly 1.65x tangible book value (the “OneBeacon Transaction”).  Since the OneBeacon Transaction was set at a fixed price, OneBeacon’s results were economically transferred to the buyer at signing.  The transaction is expected to close in the third or fourth quarter of 2017 and is subject to regulatory approval and other customary closing conditions.  Including the estimated net gain of $116 per share from the OneBeacon Transaction, book value per share would be approximately $914 and adjusted book value per share would be approximately $896 as of June 30, 2017. During the quarter, White Mountains changed its calculation of adjusted book value per share to (i) include a discount for the time value of money on the BAM surplus notes and (ii) add back the unearned premium reserve, net of deferred acquisition costs,...

Vistra Energy Reports Second Quarter 2017 Results and Reaffirms 2017 Guidance
Vistra Energy Reports Second Quarter 2017 Results and Reaffirms 2017 Guidance

2017-08-04

Curt Morgan, Vistra Energy’s chief executive officer, remarked, “Vistra Energy’s second quarter results were strong despite some headwinds, including a lackluster start to the Texas summer and an unplanned outage at Comanche Peak Unit 2, which began on June 5.  Our solid performance for the quarter is a direct result of our persistent cost management and the consistently robust margins realized in both our wholesale and retail segments.  In addition, our operations performance initiative is well under way and, while we have not yet finalized review of the entire fleet, we already expect to capture approximately $28 million of incremental EBITDA in 2017 as a result of this process.  This incremental $28 million of EBITDA translates to a full year run-rate in the range of $45 to 50 million based on the reviews we have completed to date.  Also of note thus far in 2017 are the acquisitions of the Odessa plant and the Upton 2 solar development project, both of which are consistent...

The 25th Annual Gathering of Games Conference Set for Sept. 6-8 in Dallas
The 25th Annual Gathering of Games Conference Set for Sept. 6-8 in Dallas

2017-08-04

DALLAS, TEXAS August 04, 2017 — The Great Game of Business announced today that it is still accepting registrants for its 2017 annual conference, scheduled for Sept. 6-8 at the Hilton Anatole in Dallas, Texas. Known as The Gathering of Games, it is the world’s largest open-book management (OBM) conference. More than 700 business leaders and key influencers from companies considering implementing open-book management are expected to attend the conference along with existing GGOB practitioners. Attendees will have the opportunity to learn and share the culture-changing principles of OBM, as well as celebrate Great Game “All Stars” – the best of the best open-book practitioners over the past 17 years.

The US Trade Show Market Gaining Momentum with Introduction of Artificial Intelligence and Bots & Use of 5G Technology
The US Trade Show Market Gaining Momentum with Introduction of Artificial Intelligence and Bots & Use of 5G Technology

2017-08-04

Orbis Research Orbisresearch.com added Report “The US Trade Show Market” is expected to increase at high growth rates during the forecasted period (2017-2021). DALLAS, TEXAS, UNITED STATES, August 4, 2017 — The US trade show market is supported by various growth drivers, high GDP growth in the US, digitization of trade shows, increasing net footage, etc. Scope of the Report The report entitled “The US Trade Show Market: Size, Trends & Forecasts (2017-2021)”, provides analysis of the US trade show market,...

Medical Spa of Midland Announces New Ownership and Strategic Vision
Medical Spa of Midland Announces New Ownership and Strategic Vision

2017-08-04

Medical Spa of Midland recently announced a change in ownership. Dr. Jeffrey Durgin, a seasoned cosmetic surgeon, will now overlook the operations of the leading med-spa of Midland, TX. Midland, TX, August 04, 2017– Medical Spa of Midland, a leading provider of medical facial aesthetics in Midland, TX, recently announced a change in ownership. The company appointed Dr. Jeffrey Durgin as its new owner, who will take over the reins of the business effective July 1, 2017. Dr. Jeffrey Durgin, who has over 10 years’ experience of working as a cosmetic surgeon, will draw on his knowledge and experience of facial aesthetics to contribute to the company’s growth and success. “We are honored to have Dr. Jeffrey Durgin join our team,” said a senior manager at Medical Spa of Midland. “We pride ourselves in providing the safest and most effective surgical and non-surgical cosmetic treatments to our customers, and having...

Abandoned and Unclaimed Property Alert: Delaware Department of Finance Issues a Revised Proposed Reporting and Examination Manual
Abandoned and Unclaimed Property Alert: Delaware Department of Finance Issues a Revised Proposed Reporting and Examination Manual

2017-08-04

Comment Period for DOF RegulationsHolders may comment on the new proposed regulations until 4:00 pm Eastern Time, August 31, 2017. The DOF indicates that upon the conclusion of the comment period, it will make a determination of whether to adopt the proposed regulations “…based upon the results of DOF analysis and the consideration of the comments and written materials filed by other interested persons.”  Estimation RegulationsThe overall estimation methodology has not changed from the prior version of the proposed regulations.  As expected, and consistent with the prior draft regulations and the Secretary of State estimation regulations, the key concerns expressed by the Delaware U.S. District Court in the Temple-Inland case do not appear to have been addressed in the revised Proposed Regulations. Conversion of Existing Audit to VDAAny holder currently undergoing a Delaware audit that received a Notice of Examination...

Stonegate Center Announces Partnership with Texas Revolution Indoor Football Team and Launches Alcohol Free Zone at Home Games
Stonegate Center Announces Partnership with Texas Revolution Indoor Football Team and Launches Alcohol Free Zone at Home Games

2017-08-04

FORT WORTH, TX – 08/04/2017 (PRESS RELEASE JET) — Stonegate Center announced today that they will be an official partner of the Texas Revolution indoor football team.  Stonegate Center will serve as the Official Drug and Alcohol Treatment Center for the 2017 CIF Champions, Texas Revolution.  With this partnership, the two organizations are unveiling of the first ever Alcohol-Free Zone available at all home games for the upcoming 2018 season.   “We wanted to do more than just put our logo on the sideboards, we want to encourage the community to get out there and be part of...

American PetroLog is Awarded Texas Mutual Insurance’s Safety Grant
American PetroLog is Awarded Texas Mutual Insurance’s Safety Grant

2017-08-04

Safety grant has been awarded to American PetroLog’s Venus, TX transload and storage terminal serving BNSF Railway. Austin, TX, August 04, 2017– Texas Mutual Insurance Company, the state’s leading workers’ compensation provider, has named American PetroLog a recipient of a safety grant in their newly created program that provides funds to be used toward the cost of personal protective equipment (PPE) or other safety-related equipment. American PetroLog’s Venus, TX Terminal Manager, Earl Dickey, stated that “My primary focus is maintaining a safe workplace and keeping our Venus, TX facility claim free by adhering to our safety procedures. My obligation to my team is to get them home safely every night.” Texas Mutual Insurance Company insures 68,000 business and 1.4 million workers in the state and their commitment to keep Texas workers safe is one of the main reasons that American PetroLog chose them as their...

SunTx Capital Partners Portfolio Company, Interface Security Systems, Completes Refinancing for New Capital Structure That Will Facilitate Accelerated Growth And Expansion
SunTx Capital Partners Portfolio Company, Interface Security Systems, Completes Refinancing for New Capital Structure That Will Facilitate Accelerated Growth And Expansion

2017-08-03

Interface, headquartered in St. Louis, Missouri and Plano, Texas, is a recognized industry leader and pioneer in providing a comprehensive bundle of monitored, mission-critical managed network, physical security and business intelligence (“BI”) services to large multi-location businesses over a private PCI-compliant cloud-based network.  The Company provides such services to many of North America’s most recognized companies in the retail, hospitality, and restaurant industries. Additional Information on the Refinancing Pursuant to the $600 million refinancing, the Company’s existing debt including the $50 million Capital One Revolving Credit Facility, the $230 million Senior Secured Notes due 2018, and the $115 million Senior Contingent Cash Pay Notes due 2018, have been redeemed in full and the $67 million PIK Senior Notes due 2019 have been exchanged for new PIK Senior Notes due 2023. The new debt capital structure includes a $290 million Senior Credit Facility...

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