Universal Technical Institute, Inc., a Portfolio Company of The Jordan Company, L.P., Completes Initial Public Offering

NEW YORK, Dec. 17, 2003 -- Universal Technical Institute, Inc. ("UTI"), a leading provider of post secondary education for students seeking careers as professional automotive, motorcycle and marine technicians, priced the initial public offering of its common stock this morning at $20.50 per share. UTI was recapitalized by The Jordan Company, L.P. in 1998 in partnership with its senior management. Jordan was introduced to UTI in early 1997 after spending over a year researching opportunities in the post- secondary education sector. In addition to the 1998 recapitalization, Jordan assisted UTI with the simultaneous acquisition and merger of Motorcycle Mechanics Institute and Marine Mechanics Institute. In 2002, UTI completed a private placement of equity securities representing a minority interest in the Company to a group of investors led by affiliates of Penske Capital Partners and Charlesbank Capital Partners in order to reduce its outstanding debt, provide capital for growth and expand its strategic relationships within the automotive industry.

Overview of Universal Technical Institute, Inc.

UTI is a leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. UTI offers undergraduate degrees, diplomas and certificate programs at seven campuses across the United States, and manufacturer-sponsored advanced programs at 22 dedicated training centers. For the twelve months ended September 30, 2003, the Company's average undergraduate enrollments were 10,568 full-time students. UTI has provided technical education for over 35 years.

Overview of The Jordan Company, L.P.

The Jordan Company, L.P. is a New York-based equity sponsor with approximately $2.5 billion of capital under management that has sponsored and invested in middle market transactions for more than 20 years. Jordan has significant equity sponsor experience and success, having completed approximately 80 stand-alone investments similar to UTI. Jordan recently closed The Resolute Fund, L.P. a $1.5 billion fund focused on middle market leveraged buyouts, recapitalizations and other private equity investments.

  For Further Information, Please Contact:
   Richard Caputo, Jr.
   Senior Principal and Member
   (T) 212-572-0823
   (F) 212-755-5263
   acaputo@thejordancompany.com

   Scott C. Tanner
   Millennium Media Consulting, Inc.
   (T) 703-519-1922
   (F) 703-519-5224
   Sctanner33@AOL.com (For The Jordan Company)