MEMPHIS, Tenn. — Family-owned metal service center and fabricator Morgan Steel will expand its headquarters operations in Memphis with the purchase of a new facility in Shelby County, representing an $11.7 million investmentand the creation of 119 new jobs.
State and local leaders joined company officials in announcing the expansion, which will include equipment upgrades and additional projects designed to increase production capacity and meet growing customer demand. The investment reinforces Memphis’ strategic advantages in logistics and manufacturing, supported by extensive interstate, rail and river transportation networks.
Founded in Memphis in 2014 with just 18 employees, Morgan Steel has grown rapidly and now employs more than 400 workers across its operations in Memphis and Greenville, Texas. The headquarters expansion reflects the company’s continued commitment to workforce development and long-term growth in Tennessee.
Governor Bill Lee said the project highlights the importance of supporting companies that originate and scale within the state. “While Tennessee competes globally for jobs and investment, ensuring Tennessee-based companies can thrive is equally important,” Lee said. “Morgan Steel’s decision to create 119 new jobs in Memphis underscores the strength of our business climate.”
Deputy Governor and Tennessee Department of Economic and Community Development Commissioner Stuart C. McWhorter noted Memphis’ infrastructure and workforce assets as key factors in the company’s expansion decision. “Investments like this are made possible by the region’s strong logistics network and ready-and-able workforce,” he said.
Company leadership emphasized that the expansion aligns with Morgan Steel’s long-term strategy to enhance capabilities and deliver greater value to customers. CEO Jonathan Keith said the investment will help the company strengthen its skilled workforce while advancing operational innovation. “By growing our capabilities here at home, we’re positioning Morgan Steel to create opportunities for our employees, their families and the broader community,” he said.
Local leaders also pointed to the expansion as a sign of confidence in Memphis’ economic development ecosystem. Memphis Mayor Paul Young said the project demonstrates how investments in people and infrastructure can generate sustained economic opportunity, while EDGE President and CEO Dr. Joann Massey highlighted the role of regional collaboration in supporting business growth.
Regional utility and economic development partners, including the Tennessee Valley Authority and Memphis Light, Gas and Water, underscored their continued commitment to supporting industrial expansion in Shelby County. State legislative leaders likewise described the project as an example of homegrown entrepreneurial success contributing to job creation and long-term economic resilience.
Morgan Steel provides a full range of metal products and fabrication services, including cutting, welding and powder coating, serving customers across multiple industrial sectors. The company’s continued growth reinforces Memphis’ position as a key hub for advanced manufacturing and industrial logistics in the Mid-South.
* Photos Courtesy of Tennessee Department of Economic and Community Development (TNECD)
