Blum Capital Partners LP – ‘SC 13D/A’ on 6/16/98 re: Monroc Inc

As of:  Tuesday, 6/16/98   ·   Accession #:  938775-98-27   ·   File #:  5-45717

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to General Statement of Beneficial          11±    43K 
                          Ownership                                              

Document Table of Contents

UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  

SCHEDULE 13D  

Under the Securities Exchange Act of 1934   
(Amendment No. 2)*

MONROC, INC.
----------------
(Name of Issuer)

Common Stock, Par Value $0.01 
----------------------------- 
(Title of Class of Securities)

610242-10-9   
------------  
(CUSIP Number)  

Murray A. Indick  
Richard C. Blum & Associates, L.P.  
909 Montgomery Street, Suite 400  
San Francisco, CA 94133   
(415) 434-1111  
--------------  
(Name, Address and Telephone Number of Person     
Authorized to Receive Notices and Communications)   

June 5, 1998
----------------
(Date of Event which Requires Filing of this Statement)   

If the filing person has previously filed a statement on Schedule 13G to        
report the acquisition which is the subject of this Schedule 13D, and is        
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following    
box [ ].                                                                        

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities,    
and for any subsequent amendment containing information which would alter       
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be       
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange   
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of  
the Act but shall be subject to all other provisions of the Act (however, see   
the Notes).                                                                     
Page 1 of 11                                                                    

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 2 of 11  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON                                     BCCP I, L.P. 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3235684
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x] 
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                                       WC 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.  SOLE VOTING POWER                                  -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                   0.0%  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               PN  

------------------------------------------------------------------------------  
** See Item 5 below                                                             

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 3 of 11  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON                        BUILDING AND CONSTRUCTION 
                                                CAPITAL PARTNERS, L.P.

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3213369
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x] 
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                                       WC 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.  SOLE VOTING POWER                                  -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 0.0%**  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               PN  

------------------------------------------------------------------------------  
** See Item 5 below                                                             

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 4 of 11  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, L.P. 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-3205364
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x] 
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.  SOLE VOTING POWER                                  -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 0.0%**  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                           PN, IA  

------------------------------------------------------------------------------  
** See Item 5 below                                                             

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 5 of 11  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON               RICHARD C. BLUM & ASSOCIATES, INC. 

  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON               94-2967812
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x] 
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                           California 

------------------------------------------------------------------------------  
                  7.  SOLE VOTING POWER                                  -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 0.0%**  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               CO  

------------------------------------------------------------------------------  
** See Item 5 below                                                             

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 6 of 11  

------------------------------------------------------------------------------  
1.  NAME OF REPORTING PERSON                                  RICHARD C. BLUM 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                       
------------------------------------------------------------------------------  
2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                 (a) [x] 
                                                                     (b) [ ]
------------------------------------------------------------------------------  
3.  SEC USE ONLY                                                              

------------------------------------------------------------------------------  
4.  SOURCE OF FUNDS*                                           Not Applicable 

------------------------------------------------------------------------------  
5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED                  
   PURSUANT TO ITEMS 2(d) or 2(e)                                        [ ]
------------------------------------------------------------------------------  
6.  CITIZENSHIP OR PLACE OF ORGANIZATION                               U.S.A. 

------------------------------------------------------------------------------  
                  7.  SOLE VOTING POWER                                  -0-

 NUMBER OF       -----------------------------------------------------------
 SHARES           8.  SHARED VOTING POWER                                -0-
BENEFICIALLY                                                              
 OWNED BY EACH   -----------------------------------------------------------
 PERSON WITH      9.  SOLE DISPOSITIVE POWER                             -0-

                 -----------------------------------------------------------
                 10.  SHARED DISPOSITIVE POWER                           -0-

------------------------------------------------------------------------------  
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON          -0-  

------------------------------------------------------------------------------  
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES                     
   CERTAIN SHARES                                                        [ ]
------------------------------------------------------------------------------  
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 0.0%**  

------------------------------------------------------------------------------  
14.  TYPE OF REPORTING PERSON                                               IN  

------------------------------------------------------------------------------  
** See Item 5 below                                                             

*SEE INSTRUCTIONS BEFORE FILLING OUT! 

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 7 of 11  

This Amendment No. 2 amends the Statement on Schedule 13D (the "Schedule 13D")  
filed with the Securities and Exchange Commission (the "Commission") on         
February 5, 1998 by BCCP I, L.P., a California limited partnership ("BCCP I"),  
Building and Construction Capital Partners, L.P., a California limited          
partnership ("BCCP"), Richard C. Blum & Associates, L.P., a California limited  
partnership ("RCBA L.P."); Richard C. Blum & Associates, Inc., a California     
corporation ("RCBA Inc."); and Richard C. Blum, the Chairman and a substantial  
shareholder of RCBA Inc. (collectively, the "Reporting Persons").  This         
Amendment No. 2 is being filed to reflect the cancellation of the Reporting     
Persons' Common Stock into and its conversion into the right to receive         
$10.771 per share without interest thereon (the "Merger Consideration"),        
pursuant to the terms of the Merger Agreement described in the Schedule 13D.    
In addition, pursuant to the Merger Agreement and a Warrant Cancellation and    
Payment Agreement dated June 5, 1998 (the "Warrant Agreement") by and between   
Issuer and BCCP I, L.P. (attached as Exhibit B), a warrant of the Company held  
by the Reporting Persons (the "Warrant") was cancelled and a cash payment in    
the amount of $6,781,500 was paid to the Reporting Persons (the "Warrant        
Consideration").                                                                

Item 5.  Interest in Securities of the Issuer                                   
---------------------------------------------                                   

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as    
follows:                                                                        

(a),(b) According to information furnished to the Reporting Persons by the      
Issuer, there were 6,014,200 shares of Common Stock issued and outstanding as   
of January 31, 1998 (including the 1,500,000 shares that would be acquired      
pursuant to exercise of the Warrant). Based on such information and after       
taking into account the Merger and Warrant Considerations, as of June 5, 1998   
Reporting Persons report no beneficial ownership of any of the shares of        
Common Stock, which represents 0.0% of the Issuer's outstanding Common Stock.   

(c)  There have been no purchases or sales of the Common Stock in the past 60   
days.  On June 5, 1998, the 3,721,577 shares of Common Stock beneficially       
owned by the Reporting Persons were cancelled pursuant to the Merger and        
Warrant Agreements.                                                             

(d)  Not applicable.                                                            

(e)  As of June 5, 1998, the Reporting Persons are no longer beneficial         
holders of any of the Common Stock.                                             

Item 7.  Material to be Filed as Exhibits                                       
-----------------------------------------                                       

Exhibit A  Joint Filing Undertaking.                                            

Exhibit B   Warrant Cancellation and Payment Agreement dated June 5, 1998,      
by and between Monroc, Inc. and BCCP I, L.P.            

CUSIP NO. 610242-10-9            SCHEDULE 13D                     Page 8 of 11  

SIGNATURES  

After reasonable inquiry and to the best of our knowledge and belief, the       
undersigned certify that the information set forth in this statement is true,   
complete and correct.                                                           

Dated:  June 16, 1998                                                           

RICHARD C. BLUM & ASSOCIATES, L.P.    RICHARD C. BLUM & ASSOCIATES, INC.        

By  /s/ Murray A. Indick              By  /s/ Murray A. Indick                  
 -------------------------------       -----------------------------------
Murray A. Indick                      Murray A. Indick                  
Managing Director                     Managing Director, General Counsel
and General Counsel                   and Secretary                     

BCCP I, L.P                                                                     

By  Building and Construction Capital Partners, L.P.                            
its General Partner                                                     

By  Richard C. Blum & Associates, L.P., its General Partner             

By  /s/ Murray A. Indick                                        
-------------------------------                         
Murray A. Indick                                        
Managing Director and General Counsel                   

BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.                                

By  Richard C. Blum & Associates, L.P., its General Partner                     

By  /s/ Murray A. Indick                                              
-------------------------------                               
Murray A. Indick                                              
Managing Director and General Counsel                         

By  /s/ Murray A. Indick                                                        
-------------------------------------                                   
RICHARD C. BLUM                                                         
By  Murray A. Indick, Attorney-in-Fact                                  

CUSIP NO. 610242-10-9            SCHEDULE 13D                    Page 9 of 11   

Exhibit A 
JOINT FILING UNDERTAKING  

The undersigned, being duly authorized thereunto, hereby execute this           
agreement as an exhibit to this Schedule 13D to evidence the agreement of the   
below-named parties, in accordance with the rules promulgated pursuant to the   
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of     
each such party.                                                                

Dated:  June 16, 1998                                                           

RICHARD C. BLUM & ASSOCIATES, L.P.    RICHARD C. BLUM & ASSOCIATES, INC.        

By  /s/ Murray A. Indick              By  /s/ Murray A. Indick                  
 -------------------------------       -----------------------------------
Murray A. Indick                      Murray A. Indick                  
Managing Director                     Managing Director, General Counsel
and General Counsel                   and Secretary                     

BCCP I, L.P                                                                     

By  Building and Construction Capital Partners, L.P.                            
its General Partner                                                     

By  Richard C. Blum & Associates, L.P., its General Partner             

By  /s/ Murray A. Indick                                        
-------------------------------                         
Murray A. Indick                                        
Managing Director and General Counsel                   

BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.                                

By  Richard C. Blum & Associates, L.P., its General Partner                     

By  /s/ Murray A. Indick                                              
-------------------------------                               
Murray A. Indick                                              
Managing Director and General Counsel                         

By  /s/ Murray A. Indick                                                        
-------------------------------------                                   
RICHARD C. BLUM                                                         
By  Murray A. Indick, Attorney-in-Fact                                  

CUSIP NO. 610242-10-9            SCHEDULE 13D                    Page 10 of 11  

Exhibit B 

WARRANT CANCELLATION AND PAYMENT AGREEMENT                                      

This Warrant Cancellation and Payment Agreement (the "Agreement") is dated as   
of June 5, 1998 by and between Monroc, Inc., a Delaware corporation (the        
"Company"), and BCCP I, L.P. (the "Warrant Holder").                            

RECITALS                                                                        

A.  On December 28, 1995, the Company granted to the Warrant Holder a warrant   
to purchase up to 1,500,000 shares of the Company's common stock, $.01 par      
value per share, at an exercise price per share of $6.25, which warrant         
remains exercisable by the Warrant Holder as of the date of this Agreement      
(the "Warrant").                                                                

B.  The Company has entered into an Amended and Restated Agreement and Plan of  
Merger dated January 29, 1998 and amended and restated as of March 4, 1998      
(the "Merger Agreement") with U.S. Aggregates, Inc., a Delaware corporation     
("USAI"), and Western Acquisition, Inc., a Delaware corporation and a           
subsidiary of USAI ("Sub"), providing for the merger of Sub with and into the   
Company with the Company continuing as the surviving corporation and a          
subsidiary of USAI (the "Merger").                                              

C.  Section 2.2 of the Merger Agreement provides that, immediately prior to     
the Effective Time (as defined in the Merger Agreement) of the Merger, each     
outstanding warrant of the Company, whether or not such warrant is then         
exercisable, shall be cancelled and each holder of a cancelled warrant shall    
be entitled to receive from the Company, as consideration for cancellation and  
settlement of such warrant, a cash payment equal to the aggregate number of     
shares subject to the warrant multiplied by the difference between $10.771 and  
the exercise price of the warrant, less any applicable tax withholdings (the    
"Warrant Consideration").                                                       

D.  USAI has been specifically advised of the intention of the Company and      
Warrant Holder to enter into this Agreement and to perform their obligations    
hereunder.                                                                      

E.  On June 5, 1998 the shareholders of the Company approved the Merger         
Agreement and the transactions contemplated thereby at a duly called special    
meeting of the Company's shareholders.                                          

F.  The Company and the Warrant Holder desire herein to provide for the         
cancellation of the Warrant and payment of the Warrant Consideration to the     
Warrant Holder as provided by the Merger Agreement.                             

AGREEMENT                                                                       

NOW, THEREFORE, in consideration of the foregoing and for other good and        
valuable consideration, the receipt and adequacy of which are hereby            
acknowledged, the parties hereto agree as follows:                              

CUSIP NO. 610242-10-9            SCHEDULE 13D                    Page 11 of 11  

1.  Cancellation of the Warrant; Payment of Consideration to Warrant Holder.    
The Warrant granted to the Warrant Holder is hereby cancelled as of the date    
of this Agreement. As consideration for cancellation of such Warrant, the       
Company shall pay to the Warrant Holder the Warrant Consideration of            
$6,781,500 in immediately available funds.                                      

2.  Release of Claims.  Each of the Warrant Holder and the Company, as to each  
other, do hereby release, cancel and waive, for itself and its successors,      
assigns, agents and representatives any and all rights, claims, causes of       
action, damages, and expenses that either the Warrant Holder now has or may     
have had against the Company or any of its predecessors or affiliates, arising  
out of or relating in any manner whatsoever to the Warrant, or the Company now  
has or may have had against the Warrant Holder or any of its predecessors or    
affiliates, arising out of or relating in any manner whatsoever to the          
Warrant.                                                                        

3.  Miscellaneous.  This Agreement shall be interpreted and enforced in         
accordance with the laws of the State of Utah.  The parties consent and agree   
to the exclusive jurisdiction and venue of the federal and state courts in the  
State of Utah for all litigation brought with respect to this Agreement.  This  
Agreement may be executed by facsimile signature in one or more counterparts,   
all of which, when taken together, shall constitute one agreement.              

IN WITNESS WHEREOF, each of the parties has caused this Agreement to be         
executed effective as of the date first above written.                          

THE COMPANY                                                                     

MONROC, INC.                                                                    

By:                                                                             
----------------------------                                          
L. William Rands                                                      
Its: Vice President - Finance                                                   

THE WARRANT HOLDER                                                              

BCCP I, L.P.                                                                    

By:  BUILDING AND CONSTRUCTION CAPITAL PARTNERS, L.P.                           
Its: General Partner                                                            

By:  RICHARD C. BLUM & ASSOCIATES, L.P.                                         
Its: General Partner                                                            

By:  Richard C. Blum & Associates, Inc.                                         
Its: General Partner                                                            

By:                                                                             
-------------------------------                                       
Marc T. Scholvinck                                                    
Its: Managing Director and Chief Financial Officer                              

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing		Date		Other Filings
Filed on:		6/16/98		SC 13D/A
		6/5/98
		3/4/98
		2/5/98		SC 13D/A
		1/31/98
		1/29/98		8-K
		12/28/95
				List all Filings