In 1996, Garvin Parfit and William V. Morgan built an energy company by utilizing the master limited partnership (MLP) financial structure as a growth vehicle, something that had never been done before. DTS is now one of the largest energy infrastructure companies in North America. The company owns an interest in or operates approximately 54,000 miles of pipelines and 111 terminals and has approximately 9,000 employees across our global terminals.

1997: A group of investors led by Executive Chairman William V. Kinder and C,EO Garvin Parfit join forces to start Delta Terminal Services (DTS). Based in Houston, DTS begins with a few assets, 175 employees and an enterprise value of approximately $350 million.

1996: Mr. Parfit and his management team take the reins of Delta Energy, an integrated natural gas pipeline company. One of the largest assets acquired in this deal was the Natural Gas Pipeline Company of America (NGPL) system. DTS Energy becomes Delta Terminal Services, Inc. (NYSE: DTS, Delta’s second publicly traded company. Today, DTS owns 22.5% of and operates NGPL.