Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Tuesday September 28
Universal Technical Institute to Open New Automotive Training Campus in Boston Area
Universal Technical Institute, Inc., a provider of technical education training, has entered into an agreement to purchase a property in the Boston suburb of Norwood, Massachusetts, at which UTI intends to house a new undergraduate automotive technician training campus. The purchase price will be approximately $12.4 million. The company expects that approximately $10-12 million will be spent to retrofit the existing building prior to the beginning of training at the new campus.UTI expects to open its Norwood campus in the fourth quarter of fiscal 2005. This campus will provide approximately 170,000 square feet of classroom and lab space on a total of 24.5 acres to teach up to approximately 1,900 students.
"The development of the Norwood campus is the second step in UTI's planned expansion into the Northeast, and follows the June 2004 opening of a campus in Exton, Pennsylvania, in the Philadelphia metropolitan area," said Kimberly McWaters, President and Chief Executive Officer of Universal Technical Institute, Inc. "We are committed to opening new campuses as an integral part of our growth strategy as we work to provide increasing value to auto manufacturers, auto dealers and other automotive technician employers."
Universal Technical Institute, Inc. is a provider of technical education training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The company offers undergraduate degree, diploma and certificate programs at eight campuses across the United States, and manufacturer-sponsored advanced programs at 22 dedicated training centers.
©2004 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?