Multitech Industries, Inc.

MultiTech Industries, Inc. is a U.S. manufacturer of custom-engineered metal components and value-added assemblies, established in 1993 and headquartered in Carol Stream, Illinois. The company was co-founded by Rahul Parikh, who serves as President, and Tom Falcone, who serves as Executive Vice President. MultiTech operates as a single-source supplier across multiple metal commodities, covering design and engineering support, manufacturing, assembly, inventory management, and distribution. The company is a minority-owned business certified through the National Minority Supplier Development Council, and it maintains IATF 16949 quality management and ISO 14001 environmental management certifications, along with ITAR registration.

In December 2019, Argonaut Private Equity, a Tulsa, Oklahoma-based private equity firm founded in 2002, acquired a controlling interest in MultiTech Industries. Following that investment, the co-founders transitioned from day-to-day management responsibilities into strategic advisory roles, and the company pursued a series of add-on acquisitions intended to expand its product lines and end markets. Among these transactions, MultiTech acquired Sandin Manufacturing, a Michigan City, Indiana-based maker of custom mechanical cable assemblies and coated galvanized and stainless-steel cable that was founded in 2009; Dresner Partners advised Sandin on the sale, which was announced in April 2024. MultiTech also operates Stalcop Metal Forming LLC, a Thorntown, Indiana cold-forming and precision machining business that has served customers since 1981, and MultiTech DuALL Precision, an Addison, Illinois manufacturer of high-precision hydraulic valve components that was originally founded in 1990. The company markets these operations under the MultiTech, DuALL Precision, Sandin Manufacturing, Stalcop Metal Forming, and Express brand names, and it operates manufacturing, distribution, and assembly facilities across Illinois, Indiana, Kentucky, and South Carolina, with additional assembly operations in Mexico and India and logistics partnerships spanning Asia and Europe.

Business/Product Breakdown

MultiTech Industries organizes its offering around a set of metal forming and machining disciplines that can be combined into finished components or multi-part assemblies. Cold headed fasteners represent a core product line, produced through a room-temperature forming process in which metal rod or wire is fed into dies and punches to create work-hardened parts. The company forms standard and custom fasteners in diameters ranging from M2 to M22 and lengths from 3 to 230 millimeters, with product types including bolts, screws, nuts, ball studs, double-ended studs, wheel studs, clinch products, plugs, rivets, washers, fluid fasteners, drive systems, thread-forming fasteners, screw and washer assemblies (SEMS), and cam bolt assemblies. Secondary operations available in-house include drilling and tapping, flattening, milling, pointing, shaving, slotting, trimming, roll forming and threading, and wire EDM. Materials worked include alloy steel, low- to medium-carbon steel, 300 and 400 series stainless steel, A286 stainless steel, 52100 steel, and Monel.

Beyond cold heading, the company's manufacturing capabilities span precision machined components produced on Hydromat, Tornos, and Swiss turning platforms; precision grinding; progressive die stamping; wire forming and springs; nuts, weld nuts, and spacers; tubes and tube fabrication; laser etching; and mechanical assemblies. Through Stalcop, MultiTech produces cold-formed copper and aluminum components including solenoid and alternator terminals, cable and battery terminals, fuse and transformer components, diode cups, pole line hardware, cap assemblies, safety restraint parts, and flat-wipe connectors for high-voltage AC and DC systems. Through Sandin Manufacturing, the company supplies custom mechanical cable assemblies and coated galvanized and stainless-steel cable, and also distributes bare cable and related accessories. DuALL Precision contributes high-precision hydraulic valve components such as check, solenoid, sequence, directional, counterbalance, and pressure control valve parts.

Supporting these product lines, MultiTech provides engineering and quality services that include design-for-manufacturability consultation with in-house subject matter experts, custom tooling design and prototyping from internal tool rooms, and application testing covering fatigue analysis, clamp load, torque tension, predictive joint design, drive and strip torque, repeat assembly, and material tensile testing. The company also offers logistics, distribution, fulfillment, and inventory management services structured to support just-in-time delivery to customer facilities. End markets served include automotive and vehicle electrification, aerospace, defense, agriculture, construction and heavy equipment, hydraulics, power tools, medical, and sporting goods, with customers including Tier 1 automotive suppliers and original equipment manufacturers.