The CEO and founder of Energy Transfer Partners, Kelcy Warren has been a key player in the energy industry for more than 30 years. Over that time, he built an empire by acquiring and then merging with other companies. Some of his largest investments include Sunoco, Inc., which he bought back in 2012 and renamed Energy Transfer LP, as well as three other pipeline companies (Northern Border Partners LLC, Southern Union Company LLC, and Transwestern Pipeline LP). In addition to these firms, Warren also has an ownership stake in Sunoco Logistics Partners LP. That company was formed by merging the assets of Sunoco, Inc. and Energy Transfer Partners on November 18th, 2012.
Warren earned his bachelor’s degree in petroleum engineering from Texas A&M University. He then went on to earn his master’s degree from Southern Methodist University and has attended the Stanford Executive Program as well as the Advanced Management Program at Harvard Business School.
In 1980, he was hired by Sunoco, Inc. According to Bloomberg, he took the job because he felt that the company could be expanded into a large corporation. At that time, Warren’s occupation was listed as an oil-sands engineer. He was appointed to become president in 1994 and CEO in 1996 after making a name for himself when he launched an initial public offering for $58 million worth of shares at $7 per share in 1993. This IPO was the first for Sunoco.
Over the next few years, Warren worked on acquiring other energy companies such as Williams Companies Inc., Susser Holdings Corp., and Ultra Petroleum Corp. He is also credited with trying to buy out Conoco Phillips, but the deal fell apart.
In 2011, Energy Transfer Partners was formed by merging three pipeline companies Warren’s company had acquired: Southern Union Company LLC; Northern Border Partners LLC; and Transwestern Pipeline L.P. During the interim, Kelcy Warren served as chairman of Energy Transfer Partners. Energy Transfer Partners began trading on the New York Stock Exchange in 2012.
The American businessman, Kelcy Warren, has been a key player in the energy industry for more than 30 years. Over those years, he’s built an empire by acquiring and then merging with other companies. Some of his largest investments include Sunoco, Inc., which he bought back in 2012 and renamed Energy Transfer LP, as well as three other pipeline companies (Northern Border Partners LLC, Southern Union Company LLC, and Transwestern Pipeline. See related link to learn more.
More about Kelcy Warren on https://www.crunchbase.com/person/kelcy-l-warren