M&A Deal Summary

Universal Technical Institute Acquires MIAT College of Technology

On March 29, 2021, Universal Technical Institute acquired education company MIAT College of Technology from HCP & Company

Acquisition Highlights
  • This is Universal Technical Institute’s 1st transaction in the Education sector.
  • This is Universal Technical Institute’s 2nd transaction in the United States.
  • This is Universal Technical Institute’s 1st transaction in Michigan.

M&A Deal Summary
Date 2021-03-29
Target MIAT College of Technology
Sector Education
Buyer(s) Universal Technical Institute
Sellers(s) HCP & Company
Deal Type Add-on Acquisition

Target

MIAT College of Technology

Canton, Michigan, United States
MIAT College of Technology provides technical career training in the fields of Aviation Maintenance, Energy, Logistics, and HVACR. MIAT College of Technology was founded in 1969 and is based in Canton, Michigan.

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Buyer(S) 1

Buyer

Universal Technical Institute

Phoenix, Arizona, United States
Category Company
Founded 1965
Sector Education
Employees3,000
Revenue 607M USD (2023)
DESCRIPTION

Universal Technical Institute is a provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Universal Technical Institute was founded in 1965 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 3
Sector (Education) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 The Clinton Harley

Phoenix, Arizona, United States

The Clinton Harley Corporation provides training in motorcycle technicians.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-04 Concorde

Mission, Kansas, United States

Concorde is a for-profit postsecondary educational institution that trains students for allied health careers including Medical Assisting, Dental Assisting, Insurance Coding, Respiratory Therapy, Surgical Technology, Vocational/Practical Nursing, and more. Concorde was founded in 1968 and is based in Mission, Kansas.

Buy -

Seller(S) 1

SELLER

HCP & Company

Chicago, Illinois, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 215M USD
Size Small
Type Sector Agnostic
DESCRIPTION

HCP & Company is a private equity firm established to provide capital to Hispanic executives serving the US Hispanic market. Prospective companies must provide goods and services to the Hispanic community or be Hispanic-owned. HCP's geographic preference is within the US and Puerto Rico. HCP's target equity investment size is $5 to $30 million. HCP will not fund start-ups or early stage investments. HCP was formed in 2003 and is a licensed SBIC. Sectors of interest include business services, food, publishing, and consumer products and services. Hispania Capital Partners is based in Chicago.

DEAL STATS #
Overall 10 of 10
Sector (Education) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Michigan) 1 of 1
Country (United States) 10 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-31 Career Training Academy

Lower Burrell, Pennsylvania, United States

Career Training Academy, Inc. is a provider of Associate’s degree and diploma-granting, post-secondary school providing students with professional skills for careers in allied health. Career Training Academy was founded in 1986 and is based in Lower Burrell, Pennsylvania.

Sell -
Mergr

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