Thomas L. Kivisto

Last updated

Tom Kivisto is an American businessman who co-founded SemGroup, L.P. in April 2000 and served as the company's president and chief executive officer until July 18, 2008. [a] Under his leadership, SemGroup completed more than 40 acquisitions and its total assets grew from $227.4 million in 2000 to more than $3.6 billion at year-end 2005. Kivisto was replaced by Terry Ronan on July 18, 2008, after news surfaced that SemGroup, L.P. was experiencing liquidity issues and considering filing for Chapter 11 bankruptcy. [2] [3]

Contents

Education

Kivisto's father, Ernie, was a successful high school basketball coach who won more than 1,000 games in his coaching career. Coached by his father, Tom Kivisto was a star point guard at East Aurora High School near Chicago. He then earned a bachelor's degree from the University of Kansas, majoring in pre-med/psychology and playing for the basketball team from 1970 to 1974. While there, Kivisto was a member of KU's 1971 and 1974 NCAA Final Four teams. He was named Academic All American, All Big 8 and Academic All Big 8. He holds the single game assist record for the Kansas team. His post-graduate work was in urban planning. He is a member of the Illinois Basketball Hall of Fame. [4]

Career

Kivisto moved his family to Tulsa, Oklahoma in 1993 after having lived in Wichita, Kansas for 15 years working for Koch Industries. He started his own services company, SemGroup, which became one of the largest privately held companies in the United States before filing for bankruptcy in 2008.

Kivisto donated over $15 million to his alma mater, the University of Kansas, to help finance the building of new football facilities at the school. [5] Kivisto serves on the board of directors of Saint Francis Health System, Family & Children's Services, and Project Single Parent, a nonprofit organization of which he is a cofounder. In 2006, Kivisto also was named to the University of Tulsa Board of Trustees. In 2006, The Pipe Liners Club of Tulsa recognized Kivisto with its President's Award. In January 2007, TulsaPeople Magazine named Kivisto "Tulsan of the Year" for 2006. [6]

2006 Bank of America Loan

In 2006, Kivisto borrowed $15 million from Bank of America and guaranteed the loan through his personal trust company's limited partnership interest in SemGroup. In 2008, SemGroup filed for Chapter 11 bankruptcy protection. [1]

Notes

  1. ↑ Kivisto, Gregory Wallace and Kevin Foxx started SemGroup growing it into one of the nation's largest privately-held energy trading, storage and transport firms. [1]

Related Research Articles

<span class="mw-page-title-main">University of Kansas</span> Public university in Lawrence, Kansas, US

The University of Kansas (KU) is a public research university with its main campus in Lawrence, Kansas, United States. Two branch campuses are in the Kansas City metropolitan area on the Kansas side: the university's medical school and hospital in Kansas City, Kansas, the Edwards Campus in Overland Park. There are also educational and research sites in Garden City, Hays, Leavenworth, Parsons, and Topeka, an agricultural education center in rural north Douglas County, and branches of the medical school in Salina and Wichita. The university is a member of the Association of American Universities and is classified among "R1: Doctoral Universities – Very high research activity".

<span class="mw-page-title-main">Bill Self</span> American basketball coach (born 1962)

Billy Eugene Self Jr. is an American basketball coach who is the head coach of the Kansas Jayhawks men's basketball team. Self has held various coaching roles at the collegiate level and has been the coach of the Jayhawks since 2003.

George Bruce Kaiser is an American billionaire businessman. He is the chairman of BOK Financial Corporation in Tulsa, Oklahoma. As of September 2021, he is the 476th richest person in the world and was, in 2012, one of the top 50 American philanthropists.

<span class="mw-page-title-main">Danny Manning</span> American basketball player and coach (born 1966)

Daniel Ricardo Manning is an American college basketball coach and former professional player who is an assistant men's basketball coach at the University of Colorado. Manning played high-school basketball at Walter Hines Page High School in Greensboro, North Carolina, as well as Lawrence High School in Lawrence, Kansas. He played college basketball for the Kansas Jayhawks, and played in the National Basketball Association (NBA) for 14 years. After retiring from professional basketball Manning became an assistant coach at his alma mater, the University of Kansas. He won the national championship with the Jayhawks in 1988 as a player, and again as an assistant in 2008. He is the all-time leading scorer in Kansas basketball history with 2,951 points. The next closest player to his point total is Nick Collison, who is 854 points behind Manning.

<span class="mw-page-title-main">KSAS-TV</span> Fox affiliate in Wichita, Kansas

KSAS-TV is a television station in Wichita, Kansas, United States, affiliated with Fox and MyNetworkTV. It is owned by Sinclair Broadcast Group, which provides certain services to Hutchinson-licensed Dabl affiliate KMTW under a local marketing agreement (LMA) with Mercury Broadcasting Company. The two stations share studios on West Street in northwestern Wichita; KSAS-TV's transmitter is located in rural northwestern Sedgwick County.

<span class="mw-page-title-main">Kansas Jayhawks</span> Intercollegiate sports teams of the University of Kansas

The Kansas Jayhawks, commonly referred to as simply KU or Kansas, are the athletic teams that represent the University of Kansas. KU is one of three schools in the state of Kansas that participate in NCAA Division I. The Jayhawks are also a member of the Big 12 Conference. KU athletic teams have won fifteen national championships all-time, with twelve of those being NCAA Division I championships: four in men's basketball, one in men's cross country, three in men's indoor track and field, three in men's outdoor track and field, and one in women's outdoor track and field. Kansas basketball also won two Helms Foundation National Titles in 1922 and 1923, and KU Bowling won the USBC National Title in 2004.

<span class="mw-page-title-main">Kansas Jayhawks men's basketball</span> University of Kansas team

The Kansas Jayhawks men's basketball program is the intercollegiate men's basketball program of the University of Kansas. The program is classified in the NCAA's Division I and the team competes in the Big 12 Conference. Kansas is considered one of the most prestigious college basketball programs in the country with six overall national championships, as well being runner-up six times and having the most conference titles in the nation. The Jayhawks also own the NCAA record for most consecutive NCAA Tournament appearances with 28 consecutive appearances. Since the 1984 tournament, the Jayhawks have only missed the tournament twice due to disciplinary action from the NCAA; they were ruled ineligible for the 1989 tournament and 2018 being vacated. They have not missed the tournament strictly due to on the court performance since the 1983 tournament. They were also, along with Dartmouth, the first team to appear in multiple NCAA Tournaments after making their second appearance in the 1942 tournament. The Jayhawks had been ranked in the AP poll for 231 consecutive polls, a streak that had stretched from the poll released on February 2, 2009, poll through the poll released on February 8, 2021, which is the longest streak in AP poll history. Of the 28 seasons the Big 12 conference has been in existence, Kansas has won at least a share of 21 regular-season conference titles.

<span class="mw-page-title-main">Mark Turgeon</span> American college basketball coach (born 1965)

Mark Leo Turgeon is an American college basketball coach. Turgeon served as the head men's basketball coach at Jacksonville State University from 1998 to 2000, Wichita State University from 2000 to 2007, Texas A&M University from 2007 to 2011, and University of Maryland, College Park from 2011 to 2021.

<span class="mw-page-title-main">Yellow Corporation</span> American transportation holding company (1929–2023)

Yellow Corporation was an American transportation holding company headquartered in Overland Park, Kansas. Its subsidiaries included national less than truckload (LTL) carrier YRC Freight; regional LTL carriers New Penn, Holland, and Reddaway; and freight brokerage HNRY Logistics. From 2006 to February 2021, Yellow was known as YRC Worldwide.

<span class="mw-page-title-main">SemGroup</span>

SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP.

The SemGroup Championship was a golf tournament for professional female golfers that was part of the LPGA Tour. It was played annually from 2001 to 2008 in Tulsa, Oklahoma.

Hawker Beechcraft Corporation (HBC) was an American aerospace manufacturing company that built the Beechcraft and Hawker business jet lines of aircraft between 2006 and 2013. The company headquarters was in Wichita, Kansas, United States, with maintenance and manufacturing locations worldwide. The history of Hawker Beechcraft originated in 1994 when Raytheon merged its Beech Aircraft Corporation and Raytheon Corporate Jets units.

<span class="mw-page-title-main">2007 Kansas Jayhawks football team</span> American college football season

The 2007 Kansas Jayhawks football team represented the University of Kansas in the 2007 NCAA Division I FBS football season. The Jayhawks, coached by Mark Mangino in his sixth year with the program, finished the season 12–1 overall, a school record for wins, and 7–1 in Big 12 conference play. They defeated Virginia Tech in the 2008 Orange Bowl, the Jayhawks first and only BCS bowl victory. They finished the season ranked No. 7 in both major polls.

The Kansas State Wildcats men's basketball team represents Kansas State University in college basketball competition. The program is classified in the NCAA Division I, and is a member of the Big 12 Conference. The head coach is Jerome Tang.

KBOB-FM is a radio station licensed to Haven, Kansas, the station serves the Wichita area, and airs an adult hits format under the "Bob FM" branding. The station is currently owned by parent corporation, Murfin Media, through daughter corporation and licensee, My Town Media Inc. The station's studios are located in downtown Wichita, and the transmitter is near Colwich, Kansas.

The Wichita State Shockers men's basketball team is the NCAA Division I college basketball program representing Wichita State University in Wichita, Kansas.

<span class="mw-page-title-main">Lew Perkins</span> American athletic director (1945–2023)

Lew Perkins was an American athletic director. He ended his 40-year career at the University of Kansas (KU), having joined in June 2003, taking over for Al Bohl. Perkins previously held similar positions with the University of Connecticut, University of Maryland, College Park, Wichita State University and University of South Carolina Aiken where he gained a reputation for successfully cleaning up schools suffering under NCAA violations. Under Perkins direction, the athletics program at KU had several successful seasons, including winning the 2008 Orange Bowl in football and the 2008 men's basketball championship. His tenure, though, ultimately ended in scandal and early retirement in 2010.

<span class="mw-page-title-main">Topeka Sizzlers</span> Basketball team in Topeka, Kansas

The Topeka Sizzlers, originally the Kansas City Sizzlers, were a professional basketball team based in Kansas City, Missouri from 1985 to 1986 until they relocated to Topeka, Kansas where they played from 1986 to 1990. The Sizzlers were members of the Continental Basketball Association (CBA).

Archie Marshall is an American former basketball player, known for his college career with the Kansas Jayhawks, where he was a member of their 1988 national championship team.

References

  1. 1 2 Walton, Rod. "Kivisto agrees to pay bank." Tulsa World. April 11, 2009. Accessed April 1, 2019.
  2. ↑ "New president, CEO to take over SemGroup amid debt problems". Tulsa World. July 18, 2008. Retrieved July 18, 2008.
  3. ↑ Ng, Serena; Brickley, Peg; Cui, Carolyn (July 25, 2008). "Wrong-Way Oil Bets Slam an Energy Firm". The Wall Street Journal. Retrieved July 25, 2008.
  4. ↑ Ginnie Graham, "'But I wouldn't bet against him'", Tulsa World , August 3, 2008 Archived January 2, 2009, at the Wayback Machine
  5. ↑ "Self talks with Cowboys, but says he'll stay at KU". Wichita Eagle. April 11, 2008. Retrieved April 11, 2007.
  6. ↑ "The ABCs of Tom Kivisto". TulsaPeople. January 2007. Retrieved January 5, 2007.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.