Melni Connector, the Electrical compression connector, was started by Mark Melni, Byron Dunn, and Armand Eckert in 2007. As of August 2023, Melni Connector’s net worth is $32 Million. And also, they’re pulling in a whopping $2.5 million in annual revenue.
In 2009, they appeared on Season 6 of Shark Tank USA and made a deal with Mark Cuban for $500,000 for 5% Equity. The final valuation was $4.1 Million, down from the founder’s initial estimate of $10 million.
Melni Connectors is still in business as of 2023. The company offers three varieties of their connector: the MC-1 Direct Burial Splice, the MC2400 Direct Burial Splice, and the MC34000. The Melni Connectors products are currently available on their official website.
Melni Connectors Net Worth Timeline
|Net Worth 2023||$32 Million|
|Net Worth 2022||$30 Million|
|Net Worth 2021||$28 Million|
|Net Worth 2020||$20 Million|
|Net worth 2008 before appearing on Shark Tank||$10 Million (business valuation)|
|Net worth 2008 after appearing on Shark Tank||$4.1 Million|
Melni Connector Pitch on Shark Tank
|Company name||Melni Connector|
|Product||Innovative, quick install, electrical connectors|
|Episode||Season 6 Episode 25|
|Founders||Byron Dunn, Mark Melni and Armand Eckert|
|Asked for||$500,000 for 12% Equity|
|Final deal||$500,000 for 5% equity|
Melni Connector Founders
Melni Connector was founded by Byron Dunn, Mark Melni, and Armand Eckert in 2007. Mark Melni was a dedicated individual who came from an electronic business family background. Most of the time he is inspired by client issues. He founded his first product in 2007. As of 2023, the founders of Melni Connectors have a net worth of $28.5 million.
|2023||has developed patented devices like the RadCrimp™ and Hyper-Splice® that are revolutionizing the electrical connector industry|
|2021||Melni Connectors has extended its reach and is shipping products worldwide|
From their beginnings on Shark Tank to their current status as a thriving business. They have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spretz and its continued success.