MGM Industries was incorporated in 1965 in the state of Tennessee. The company was formed by three principals: W.C. Moncrief, Larry Million and Gene Gaskins. The name of the company was derived from the last name of each founder. W.C. Moncrief, owned a company called Quality Aluminum Service which was located in Goodlettsville, Tennessee. Larry Million, was the production manager of Quality Aluminum Service. Gene Gaskins owned Dallas Glass Company located in Hendersonville, Tennessee. Originally the company was formed to manufacture Jalousie Windows. Not much business activity ensued for the first two years as the principals were actively managing their primary businesses.
In April of 1967, Marshall Gaskins, who was a brother of Gene's, decided to join the company on a part-time basis as manager of the company.
Marshall, an ex-Air Force pilot who transitioned to helicopters, had been working as a C.L.U. life insurance agent. (Marshall flew air search and sea rescue and was stationed in Greenland for one year.) Marshall worked at MGM during the days and made his insurance calls at night. In 1967 Larry Million decided that he did not have enough time to devote to the company so Marshall and Gene issued a promissory note to Larry for $4000 ($2000 down payment and $2000 due in six months).
In 1968 Gene and Marshall purchased W.C. Moncrief's interest in the business. Gradually the business began to grow until the point at which Marshall stopped selling insurance and became the full-time manager of MGM. Since the company was so thinly capitalized, salaries were not taken out of the business in the first three years of operation.
Our Core Values
MGM Industries is a company built on principles. We believe there's no substitute for good communication. We believe in always working as a team. Our team is hungry for details and aligns with the customer. We learn from mistakes and take proactive measures to solve the problem at hand and take measures to make our systems better and better. Most of all, we believe the customer deserves the best and we'll do everything to deliver just that. Here is a brief list of some of our ideals:
- Have a thirst to do better.
- Get your hands into the solution.
- Align with the customer if at all possible.
- Learn from mistakes.
- Succeed as a team while respecting the individual.
- Focus on being better, not on being bigger.
- Satisfy the short term, but think the long term.
- Enjoy the challenge.
Contact Us287 Free Hill Road
Hendersonville, TN 37075