HOUSTON , Nov. 20 /PRNewswire/ -- Universal Weather and Aviation, Inc. announced today that it has entered into a strategic partnership with a consortium comprised of Macquarie Capital Alliance Group and Macquarie Global Opportunities Partners (the Consortium), which are both entities managed by the Macquarie Group.

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Universal(R) signed a contractual agreement with the Consortium Tuesday, Nov. 20 , that will officially execute the partnership subject to closing conditions and regulatory approvals customary for transactions of this type, with closing expected within 60 days.

A leading provider of trip support services for the business aviation market, Universal(R) is headquartered in Houston with approximately 1,300 employees worldwide. In addition to trip support services, the company has what's considered the premier global ground support network (known as "FBOs" in the U.S.) and is the pioneer of business aviation's fuel management programs with its fuel division, UVair(R).

Under the terms of the partnership, the Consortium will acquire a 45 percent financial interest (approximately) in the company. Universal(R) Chairman Greg Evans will retain controlling interest with 55 percent ownership. Universal's current leadership structure will remain the same, with the addition of two of Macquarie's officers who will assume roles on the Universal Board of Directors.

Greg Evans , who currently is sole owner of Universal(R), will continue in his role as Chairman of the Board; Ralph Vasami will continue as President and CEO; Dave Diulus will continue as Chief Operating Officer; and Doug Kelley as Chief Financial Officer.

"It is with great pleasure and excitement that I, along with the Universal(R) Board of Directors, make this announcement," said Evans. "Because of Macquarie's strong asset management track record and unique experience in the business aviation industry, the Consortium will be able to provide resources, expertise and strategic synergy to aid in Universal's global growth and expansion strategies."