Oxford, AL – Tom Adams Named Chairman to Lead Company into a New Era of Ownership and Growth
FabArc Steel Supply, Inc., the largest steel subcontractor in Alabama and an AISC-certified fabrication facility, has achieved a major milestone by transitioning to a 100% employee-owned company through the establishment of an Employee Stock Ownership Plan (ESOP). The company also announced Tom Adams as its new Chairman to guide FabArc into this transformative chapter.
The ESOP initiative grants all employees a financial stake in the company’s future, fostering a shared sense of purpose and aligning employee interests with FabArc’s long-term goals. Under this model, current and future employees will receive stock allocations, aiding in retirement planning while solidifying the company’s commitment to its workforce and clients.
“At FabArc Steel Supply, our employees are the driving force behind everything we achieve,” said Tom Adams, Chairman, CEO, and President of FabArc. “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. Together, we’re forging a path to sustainable growth and shared prosperity.”
Effective November 14, 2024, Tom Adams assumed the role of Chairman of FabArc Steel Supply. With over four decades of expertise in steel and bridge fabrication, Adams has been pivotal in establishing the company’s reputation for quality and innovation since joining FabArc 12 years ago. As Chairman, he will focus on enhancing operational efficiency and driving growth as FabArc navigates its new ownership structure.
Founded in 1979, FabArc Steel Supply has grown to become a powerhouse in steel fabrication. The company operates two manufacturing plants in Oxford, Alabama, with over 275,000 square feet of fabricating space and a production capacity exceeding 40,000 tons annually. Supported by more than 300 skilled employees, FabArc delivers on fast-track projects while consistently exceeding client expectations.
With the transition to employee ownership, FabArc Steel Supply strengthens its legacy of exceptional service and client trust, ensuring the company remains a leader in the steel industry for generations to come.
For more information about FabArc Steel Supply, visit www.fabarc.com.
