UTI Purchases Buildings at Orlando, Florida Campus

UTI Purchases Buildings at Orlando, Florida, Campus

This move follows the consolidation of UTI-Orlando and MMI-Orlando into a single site in 2022.

Universal Technical Institute (UTI), a division of Universal Technical Institute, Inc., announced today the purchase of the three buildings it fully occupies at its Orlando, Florida, campus, which offers technician training programs in automotive, diesel, motorcycle and marine.

In February 2022, UTI completed the consolidation of its UTI-Orlando and MMI-Orlando campuses into the current location, which includes the three buildings being purchased and subleased space in a fourth building.

The purchase of the buildings, which total 154,300 square feet, as well as the 20 acres of associated land, totaled $26 million and will be funded from cash on hand, which includes funds from the Company’s November 2022 revolving credit facility draw, UTI says. The expected annual adjusted EBITDA benefit is approximately $2 million and after-tax cash savings are approximately $500,000. 

“Given the current real estate market dynamics, and with our strong balance sheet and capital position, the opportunity to take ownership of the majority of our second largest campus was strategically and financially attractive,” said UTI Executive Vice President & Chief Financial Officer Troy Anderson. “A core part of our strategy over the last several years has been to rationalize our real estate footprint and identify opportunities like this one, to further optimize our campus footprint and cost structure.”

The campus, which opened in 2004, has over 1,300 students currently and offers the Company’s core automotive and diesel programs, along with the motorcycle and marine technician training programs with Harley-Davidson, BMW, Honda, Yamaha, Suzuki, Mercury Marine and Volvo, according to UTI. The campus also has several auto and diesel Manufacturer Specific Advanced Training (MSAT) programs including Ford, BMW and Daimler Trucks. 

You May Also Like

MEMA’s Ana Meuwissen Speaks at TRB Roadway Safety Conference

A panel discussion on June 25 featured industry leaders discussing advancements in roadway safety.


MEMA's Ana Meuwissen, senior vice president, government affairs, participated in a panel at the recent TRB Roadway Safety Conference in Orlando, FL. The panel took place on the morning of June 25th, featuring industry leaders discussing advancements in roadway safety.

Meuwissen was joined by Nat Beuse, head of safety, Aurora; Brian Latouf, president and global chief safety and quality officer, Hyundai; and Derwood Sheppard from the Florida Department of Transportation. Together, they shared insights and strategies aimed at enhancing road safety through innovative technologies and policies.

MEMA Top Suppliers Directory Open For Submissions

The deadline to submit or update information for the 2024-2025 directory is Friday, Aug. 16.

MEMA Aftermarket Startup Challenge Returns

The challenge will enable emerging aftermarket technology startups to showcase their innovations that will impact the future of the industry, the organization said.

MEMA Aftermarket Startup Challenge Returns
SEMA Announces Board of Directors’ Election Results

The board members are elected by SEMA-member companies and represent the key membership categories: manufacturers, distributors/retailers, manufacturers’ rep, and services.

SEMA Issues Statement on SB 301 Being Vetoed

SEMA announced it is “deeply disappointed” that California’s Senate Bill 301, legislation aimed at incentivizing the conversion of gas and diesel-powered cars into ZEVs, was vetoed by California Governor Gavin Newsom.

NREL zero emissions vehicles
Other Posts
MEMA Aftermarket Suppliers Accepting Applications for Tech Demos

The demos will be held at the 2024 Aftermarket Technology Conference, October 13-15, in Clearwater Beach, Florida.

MEMA Aftermarket Suppliers Previews Aftermarket Technology Conference
Goodyear Belts’ Tara Cevallos Named OAC Chair

Cevallos is a second-generation member of the Overseas Automotive Council, which celebrated its 100th anniversary last year.

Auto Care Industry Expected to Grow 5.7% in 2024

The 2025 Auto Care Factbook projects the total automotive aftermarket to hit $617.3 billion in 2027. 

Virginia Will Not Adopt California’s ICE Ban

SEMA applauds Virginia Governor Glenn Youngkin’s action to reverse the state’s EV mandates.

Opposition Grows for California’s Mandate Banning New Gas-Powered Vehicle Sales