Loftin Commits to Workforce Development with UTI Partnership | UTI Stock News

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Jun 30, 2025
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  • Universal Technical Institute (UTI, Financial) partners with Loftin Equipment Company to enhance workforce development through its Early Employment Program (EEP).
  • Eligible UTI students in Texas and Arizona can gain practical experience in power generation, with comprehensive financial benefits upon graduation.
  • The partnership is part of UTI's broader initiative, involving over 140 employers, to provide students with valuable career pathways.

Universal Technical Institute (UTI) has forged a strategic partnership with Loftin Equipment Company under its Early Employment Program (EEP), offering students at selected campuses opportunities for hands-on experience in the power generation sector. The program targets UTI campuses in Houston, Dallas, Austin, Texas, and Avondale, Arizona, focusing on students from Diesel Technology programs and Houston's Industrial Maintenance Program.

Participating students will work 20-30 paid hours weekly while pursuing their studies, with the potential of earning up to $25,000 in tuition reimbursement upon graduation. Furthermore, they stand to benefit from a $3,000 tool assistance program, salaries exceeding industry standards by 20%, and a comprehensive benefits package, including health and wellness, retirement plans, and opportunities for career growth.

Tracy Lorenz, UTI Division President, emphasized that this collaboration with Loftin Equipment provides students with direct exposure to the industry, facilitating a seamless transition from education to employment. This initiative not only enhances UTI's educational offerings but also helps address the skilled workforce shortages in technical fields.

Loftin Equipment, a leading player in power generation solutions, views this partnership as a strategic move to cultivate a steady pipeline of qualified technicians. Julie Bailey, the People Manager at Loftin Equipment, highlights the importance of investing in long-term career pathways and competitive compensation to attract and retain talent, ensuring the company's continued success.

Overall, this partnership underscores the growing connection between educational institutions and industry leaders, aiming to secure talent in a competitive labor market while enhancing student outcomes through real-world experience and financial incentives.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.