FabArc Steel Supply, Inc., based in Oxford, Alabama, has marked a significant turning point in its history by becoming the largest 100% employee-owned steel subcontractor in the state. This major shift in ownership comes as the company implements an Employee Stock Ownership Plan, a strategic move that grants all current and future employees a financial stake in the company. This transition not only strengthens the company’s workforce but also ensures that FabArc Steel Supply continues to thrive and grow in the competitive steel industry.
The adoption of the ESOP initiative reflects FabArc’s commitment to its employees and their long-term financial well-being. By offering stock allocations, the company aligns the interests of its workforce with its broader business goals, providing employees with a tangible stake in the company’s success. The ESOP structure also helps employees plan for retirement, offering them an additional avenue for securing their future. This shift to employee ownership is designed to foster a deeper sense of purpose among the team, with everyone from top management to shop floor employees benefiting from the company’s success.
Under the new structure, employees are not just workers—they are now owners of FabArc Steel Supply, which creates a strong sense of community and shared responsibility. As Chairman, CEO, and President, Tom Adams emphasized that the company’s workforce has always been the driving force behind its success. “By becoming 100% employee-owned, we’re investing in our people’s futures while reinforcing the commitment to excellence our clients have come to expect,” Adams said. This employee-centric approach is expected to yield long-term benefits, including increased productivity, innovation, and a greater focus on quality and client satisfaction.
Tom Adams, who has been an integral part of FabArc Steel Supply for over a decade, assumes the role of Chairman as the company embarks on this transformative journey. With more than 40 years of experience in steel and bridge fabrication, Adams has played a critical role in establishing the company’s reputation for quality and operational excellence. As Chairman, Adams will focus on enhancing the company’s operational efficiency and driving growth, particularly as the company navigates the complexities of its new ownership model. His extensive experience and leadership are expected to guide FabArc into a new era of innovation and expansion.
Founded in 1979, FabArc Steel Supply has grown from a modest steel fabricator to a powerhouse in the industry, known for its expertise in steel and bridge fabrication. The company operates two state-of-the-art manufacturing plants in Oxford, Alabama, spanning more than 275,000 square feet of production space. FabArc has consistently demonstrated its ability to meet the demands of fast-track projects, with a production capacity exceeding 40,000 metric tons annually. With a skilled workforce of more than 300 employees, the company has earned a reputation for delivering exceptional quality and value to its clients.
This transition to employee ownership builds on FabArc Steel Supply’s legacy of providing superior steel products and services. By involving employees in the company’s financial success, FabArc creates a more engaged and motivated workforce, which is expected to drive continued growth and innovation. The company’s reputation for exceeding client expectations and delivering high-quality steel solutions will be further enhanced as it continues to invest in its people and infrastructure.
The shift to employee ownership is also a reflection of FabArc Steel Supply’s commitment to its clients. As an AISC-certified fabrication facility, the company has built a solid track record of delivering steel components for critical infrastructure projects, including bridges and large-scale industrial applications. The ESOP model strengthens this commitment by aligning the company’s workforce with the company’s long-term goals, ensuring that every employee is invested in maintaining the highest standards of quality and service. This change will likely enhance FabArc’s ability to meet future challenges, including increasing demand for high-quality steel products in both local and global markets.
In addition to enhancing employee engagement and retention, the move to a 100% employee-owned structure positions FabArc Steel Supply for sustainable long-term growth. As the steel industry continues to evolve, the company’s new ownership model will enable it to remain agile, responsive to market demands, and dedicated to advancing the state of steel fabrication. The ESOP provides the foundation for FabArc to continue being a leader in the steel subcontracting sector while fostering a culture of collaboration and innovation within its workforce.
With this milestone, FabArc Steel Supply is poised to enter a new era of growth and innovation. By becoming 100% employee-owned, the company strengthens its foundation for continued success, ensuring that its employees, customers, and partners all benefit from a shared commitment to excellence in steel fabrication. The leadership of Tom Adams and the dedication of its workforce will drive the company forward as it seeks to maintain its position as Alabama’s largest and most trusted steel subcontractor.
