Universal Weather and Aviation Partnering with Macquarie Consortium

Universal Weather and Aviation has agreed to strategically partner with a consortium comprised of Macquarie Capital Alliance Group and Macquarie Global Opportunities Partners (the Consortium), entities both managed by the Macquarie Group.

The agreement was reached on November 20, and will be officially executed within 60 days, assuming necessary closing conditions and regulatory approvals are satisfactorily achieved.

Universal, which is headquartered in Houston and has approximately 1,300 employees worldwide, provides trip support services to business aviation through a FBO (fixed base operator) network. Its UVair division also offers fuel management programs to business aircraft operators.

Under the terms of the partnership, the Consortium will acquire a 45% financial interest (approximately) in the company, but Universal Chairman Greg Evans will retain controlling interest with 55% ownership. Universal will maintain its operational autonomy and its independent brand.  Universal's current leadership structure will remain the same, but two of Macquarie's officers will assume roles on the Universal's board of directors.  11-23-2007.

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