Benzinga | Mar 30, 2021 08:38AM EDT

Universal Technical Institute To Acquire MIAT College Of Technology

Universal Technical Institute (NYSE:UTI), the nation's leading provider of trained technicians to the transportation industry, has entered into a definitive agreement to acquire MIAT College of Technology from HCP & Company, its owner since August 2014. Terms of the transaction have been disclosed in UTI's Form 8-K and completion of the acquisition will occur pending customary closing conditions and regulatory approvals. The Boards of Directors of both companies have unanimously approved the agreement.