Morgan Steel to Expand Memphis, TN Headquarters with New Location
March 24, 2026 - MEMPHIS, Tenn. – Tennessee Gov. Bill Lee, Deputy Gov. and Department of Economic and Community Development Commissioner Stuart C. McWhorter and Morgan Steel officials announced today the company is expanding its headquarters operations by purchasing a new facility in Shelby County.
Morgan Steel will create 119 new jobs and invest $11.7 million in Memphis as part of the project, which includes updating equipment to accommodate increased capacity and additional projects to further meet growing customer demand.
Founded in Memphis in 2014, Morgan Steel began with a team of 18 employees, and following today’s announcement, the company will employ more than 400 across its operations in Memphis and Greenville, Texas.
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“While Tennessee competes globally for jobs and investment, ensuring Tennessee-based companies can thrive is equally important. Morgan Steel’s decision to create 119 new jobs in Memphis underscores the strength of the business climate we have cultivated statewide, and I am proud to see this company expand here at home.” – Gov. Bill Lee
“Thanks to its access to interstate highways, waterways and rail, Memphis provides an ideal environment for Morgan Steel to continue expanding its headquarters. Investments like this are made possible by the region’s strong infrastructure and ready-and-able workforce, and we look forward to the company’s continued success in the years ahead.” – Deputy Gov. and TNECD Commissioner Stuart C. McWhorter
“This expansion reflects our long-term investment in giving people in the Memphis area an opportunity by developing a skilled workforce that strengthens our company. By growing our capabilities here at home, we’re positioning Morgan Steel to deliver greater value for our customers, drive innovation in how we work and continue to create opportunities for our employees, their families and our community.” – Jonathan Keith, CEO, Morgan Steel
“Morgan Steel is proving that when companies invest in Memphis’ people and infrastructure, opportunity follows. This expansion shows confidence in our city and in our ability to support businesses that create jobs and strengthen our economy.” – Memphis Mayor Paul Young
“From workforce and infrastructure to partnerships that span city, county and industry, Morgan Steel’s expansion reflects the strength of our regional ecosystem. Growth like this is the result of long-term collaboration and a shared commitment to positioning Memphis as a place where businesses can scale, innovate and succeed.” – Dr. Joann Massey, president and CEO, EDGE
“TVA and Memphis Light Gas and Water are proud to congratulate Morgan Steel on its plans to expand operations in Shelby County. We are proud to partner with the Tennessee Department of Economic and Community Development, Greater Memphis Chamber and EDGE in our shared commitment of fostering economic growth in the region and to support companies like Morgan Steel in its continued business success.” – Heidi Smith, vice president of economic development, TVA
“Morgan Steel is more than a company – it’s a proud Tennessee success story. Brothers Scott and Chris Morgan built this business with grit, vision and deep roots in our community, and today their growth means 119 new opportunities for Memphis families. When state government stands shoulder to shoulder with small businesses that were born here and chose to grow here, we’re not just creating jobs – we’re building a stronger future for all of Tennessee.” – Senate Minority Leader Raumesh Akbari (D-Memphis)
About Morgan Steel
Morgan Steel is a leading Metal Service Center and Fabricator headquartered in Memphis, Tennessee, with an additional service location in Greenville, Texas. Morgan Steel offers a full range of metal products available for delivery and services ranging from cutting to welding to powder coating and everything in-between.
About the Tennessee Department of Economic and Community Development (TNECD)
TNECD is the state’s primary agency committed to fostering economic growth through job creation and community development. By attracting new corporate investment and facilitating the growth of existing businesses, the department works to strengthen Tennessee’s competitive landscape. Additionally, TNECD strives to increase the economic prosperity for all Tennesseans by providing grants to communities statewide, helping them to become vibrant, business-friendly environments where companies can flourish. For more information, visit us at tnecd.com. Join the conversation on Twitter, Instagram, LinkedIn, Facebook and YouTube.