type private for profit traded as nyse uti industry education founded 1965 headquarters scottsdale arizona area served north america key people kim mcwaters ceo 1 website www.uti.edu universal technical institute inc. uti is a for profit nationwide provider of technical education training for students seeking careers in entry level automotive diesel collision repair motorcycle and marine technicians . through a campus based school system the school offers specialized technical education programs under the banner of several brands including universal technical institute uti motorcycle mechanics institute and marine mechanics institute mmi and nascar technical institute nti . as of june 30 2016 uti had more than 10 000 students . 2 contents 1 history 1.1 growth 1.2 decline 2 enrollment and campus locations 3 schools 3.1 universal technical institute uti 3.2 nascar technical institute nti 3.3 marine mechanics institute mmi 3.4 motorcycle mechanics institute mmi 4 lawsuits investigations and sanctions 5 references 6 external links history edit universal technical institute was founded in 1965 . uti expanded its programs with additional curricula and opened new campuses growing internally and through acquisitions . to address the needs of corporate clients uti started providing continuing education and training for technicians in 1980 . in 1983 uti opened a campus in houston texas . in 1988 ut opened their glendale heights illinois campus . in 1998 it opened a campus in rancho cucamonga california . 3 growth edit according to sec documents uti worked with original equipment manufacturers oems in the automotive diesel motorcycle and marine industries . the schools were a primary provider of manufacturer based training programs where they provided technician training programs using the oems equipment and vehicles . these organizations included audi of america ; american honda motor co. inc. ; bmw of north america llc ; ford motor co. ; international truck and engine corp. ; jaguar cars inc. ; mercedes benz usa llc ; mercury marine ; porsche cars of north america inc. ; volkswagen of america inc. ; and volvo cars of north america inc. 4 in january 1998 uti acquired clinton harley corporation and clinton education group inc. for 26.3 million . motorcycle mechanics institute and marine mechanics institute mmi were operating divisions of clinton harley corporation . 5 in june 1998 uti acquired national technology transfer inc. ntt and performance training associates pta ntt provided intensive training seminars to technicians in sectors similar to the sectors that we serve . pta organized lecture training seminars in markets similar to ntt . the acquisition of ntt and pta was completed for approximately 50.2 million . the ntt business was discontinued at a loss of 42.9 million . at the time of its initial public offering uti carried a debt load of 57.3 million . 6 decline edit at its peak in 2011 uti had more than 18 000 students . enrollment has been declining since then . 7 the 2012 harkin commission noted that compared to public colleges offering the same programs the price of tuition is significantly higher at uti ... the same certificate costs almost 20 times more at uti than it does at the public college . uti s default rate however was relatively low for a for profit college fluctuating from 12 % to 16 % . 8 universal technical institute has limited access to military bases for student recruitment because its programs have not complied with federal government oversight measures . 9 on september 27 2016 uti reported that its president and cfo eugene putnam was removed as part of a financial improvement plan and that kim mcwaters replaced him as president . 10 uti s financial status appears to be dire . one of its major investors blackrock divested in october 2016 . 11 the school also faces heightened cash monitoring because of its shaky finances . 12 according to uti the company is struggling to maintain its financial composite score above one . in order to improve its financial outlook uti issued 70 million in preferred stock . 13 enrollment and campus locations edit as of june 30 2016 uti s enrollment was 10 300 students . 14 avondale arizona dallas texas exton pennsylvania lisle illinois houston texas mooresville north carolina norwood massachusetts orlando florida rancho cucamonga california sacramento california long beach california schools edit universal technical institute uti edit universal technical institute provides technical training for students seeking careers in the automotive diesel motorcycle marine and collision repair industries . uti has direct relationships with approximately 30 oem manufacturers such as ford bmw mercedes benz toyota cummins and harley davidson . offered courses automotive technology a 51 week automotive technology training program as well as manufacturer specific advanced training msat from partners like bmw of north america international truck and engine corporation porsche cars north america inc. nissan usa and volvo cars of north america inc. diesel industrial technology a 45 week course focused on teaching students toservice class 3 8 diesel truck including air brakes fuel systems and power trains and advanced diagnostic systems . course work indcludes transport refrigeration and hydraulic applications . uti partners with manufacturers such as freightliner international detroit diesel cummins and caterpillar . collision repair and refinishing technology a 51 week course based on the i car enhanced delivery industry standard and is ase natef master certified in five industry standard areas of auto body repair . nascar technical institute nti edit nascar technical institute logo nascar technical institute is located in mooresville north carolina at the heart of racing country . 15 the school provides course work in engine construction electrical fuel and lubrication systems drive trains body and chassis fabrication and racing theory principles . students learn the history and rules and regulations of nascar as well as a pit crew training program . marine mechanics institute mmi edit the school provides course work in marine technology with a focus on manufacturer specific training for volvo penta honda yamaha suzuki outboard mercury marine and other major marine manufacturers . motorcycle mechanics institute mmi edit the school provides course work for a customized career education with honda kawasaki suzuki yamaha bmw and harley davidson manufacturer specific courses . lawsuits investigations and sanctions edit in 2011 a former employee filed a lawsuit accusing uti of violating title iv regulations that bar incentive compensation for admissions representatives . uti settled out of court with the employee . 16 uti was under investigation by the massachusetts attorney general for allegedly submitting false claims to the commonwealth relating to student loans guarantees and grants provided to students at the norwood massachusetts campus . 17 in 2015 the campus did not achieve the accrediting commission of career schools and colleges accsc graduation or employment benchmarks and was placed on heightened monitoring status . 18 the campus has since been closed . uti is also under investigation by the u.s. attorney s office for the western district of north carolina . 19 references edit kimberly j. mcwaters . universal technical institute inc. retrieved 2008 02 25 . https www.sec.gov archives edgar data 1261654 000126165416000076 uti 6301610q.htm https www.sec.gov archives edgar data 1261654 000095012303013861 p68194b1e424b1.htm https www.sec.gov archives edgar data 1261654 000095012303013861 p68194b1e424b1.htm https www.sec.gov archives edgar data 1261654 000095012303013861 p68194b1e424b1.htm https www.sec.gov archives edgar data 1261654 000095012303013861 p68194b1e424b1.htm http www.forbes.com sites greatspeculations 2015 01 15 danger zone universal technical institute uti 25821352bba8 universal technical institute inc. introduction pdf . help.senate.gov . retrieved 2016 01 01 . http yahoo.brand.edgar online.com displayfilinginfo.aspx filingid 11150907 881 119419 & type sect & tabindex 2 & dcn 0001261654 16 000050 & nav 1 & src yahoo http www.prnewswire.com news releases universal technical institute implements financial improvement plan to deliver 25 to 30 million in annualized savings in 2017 reaffirms 2016 fiscal year outlook 300334460.html https www.sec.gov archives edgar data 1261654 000021545716006874 universal.tech.txt https www.sec.gov archives edgar data 1261654 000126165416000076 uti 6301610q.htm https www.sec.gov archives edgar data 1261654 000126165416000076 uti 6301610q.htm http www.bizjournals.com phoenix blog business 2016 08 universal technical institute losses nearly double.html mccraw jim 2002 06 01 . nascar technical institute . popular mechanics . p. 1 . don t expect miracles from universal technical institute . forbes.com . retrieved 2016 01 01 . form 10 q . sec.gov . retrieved 2016 01 01 . http yahoo.brand.edgar online.com displayfilinginfo.aspx filingid 11150907 881 119419 & type sect & tabindex 2 & dcn 0001261654 16 000050 & nav 1 & src yahoo http yahoo.brand.edgar online.com displayfilinginfo.aspx filingid 11150907 881 119419 & type sect & tabindex 2 & dcn 0001261654 16 000050 & nav 1 & src yahoo external links edit universal technical institute inc. retrieved from https en.wikipedia.org w index.php title universal technical institute & oldid 744222880 categories automotive industry in the united statescompanies based in scottsdale arizonacompanies established in 1965vocational education in the united statesprivate equity portfolio companiescompanies listed on the new york stock exchangefor profit universities and colleges in the united stateshidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views 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