Based in Carol Stream, IL, MultiTech Industries operates manufacturing, distribution, and assembly locations across the United States and Mexico, providing various metal components for Tier-1 automotive and hydraulic suppliers. The Company produces high volume components for automotive interiors and both primary and sub-assemblies for tight-tolerance hydraulic products.

MultiTech selected Argonaut as its long-term investment partner based on a strong cultural alignment and a shared vision for growth.

Since investing in the Company in 2019, Argonaut has worked with MultiTech to realize the co-founders’ goal of transitioning out of day-to-day management responsibilities and into strategic advisory roles. With Argonaut’s help, management has pursued multiple add-on acquisition opportunities that would complement MultiTech’s existing operations and drive continued growth with expansion into new product lines and end markets.