MIAT College of Technology is an impressive career training institute with two campuses located in Canton, MI and Houston, TX. Since 1969, the company has educated thousands of students in the fields of aviation maintenance, energy, logistics, and HVACR, equipping students to successfully pursue technical careers.
The team at Navagant advised MIAT, a leading institution recognized for its expertise in aviation and energy training, on its sale to Universal Technical Institute (UTI), a company known for its expertise in providing comprehensive and industry-aligned technical education and training programs.
On behalf of everyone at UTI, I am excited to officially welcome MIAT’s management, staff, students, faculty, and alumni to the team. Completing this acquisition represents an important initial step in executing our growth & diversification strategy. It allows us to further expand our program offerings nationwide into growing fields that we believe will continue to be bolstered by technological advances and the global focus on sustainability. We also expect to realize significant revenue and cost synergies through this acquisition.
— Jerome Grant, CEO, Universal Technical InstituteWith Universal Technical Institute’s esteemed reputation and MIAT College of Technology’s expertise in aviation and energy training, this acquisition presents a powerful opportunity for synergies and growth. The combined strengths of these institutions are set to enhance the quality of education and expand career opportunities for students pursuing technical and trade careers. This acquisition reinforces Universal Technical Institute’s commitment to providing comprehensive and industry-aligned training programs, paving the way for even greater success and impact in the education and workforce development landscape.
— Jacob Voorhees, Managing Director, NavagantBenefits & Long-Term Value Creation
With UTI’s renowned expertise and resources in technical education and training, the acquisition expands access to high-quality aviation and energy training programs. This empowers individuals seeking careers in these industries, ultimately addressing the growing demand for skilled professionals, and contributing to the overall advancement of the aviation and energy sectors. The acquisition strengthens UTI’s commitment to providing industry-aligned education and helps bridge the skills gap, benefiting both individuals and the broader society.
Universal Technical Institute, founded in 1965, is an educational institution that supplies undergraduate degrees, as well as certificate programs for technicians in the automotive, diesel, collision repair, motorcycle, and marine fields. The company’s operating segment focuses mostly on Postsecondary education and generates maximum revenue from Postsecondary education.
About Navagant
Navagant is a middle-market investment bank serving entrepreneurs, family-businesses, large corporations, and financial sponsors seeking to optimize their transaction outcomes. Our sell-side advisory services include mergers and acquisitions, majority and minority recapitalizations, management buyouts and corporate carve-outs. With a conscious-capital mission and a team of experienced investment banking professionals, Navagant delivers tailored solutions to help organizations unlock value and achieve life-changing outcomes.
For more information, please visit www.navagant.com.