Acipcoville was named for the American Cast Iron Pipe Company (ACIPCO), which built the community around its manufacturing plant near Birmingham.

Investors from the southern United States met in Atlanta in 1905 to organize and wholly finance ACIPCO.

Guided by John J. Eagan, principal stockholder and first president, the company began providing amenities for its workers living in Acipcoville.

During World War I, ACIPCO experimented with the direct delivery of molten pig iron from the blast furnaces of Republic Steel Corporation's Thomas plant to its pipemaking foundry.

Eagan's profit sharing idea became a model widely emulated in American industry.