Williams Plumbing / Williams Civil Construction history

Eventually, they established steel pipeline construction as their specialty, and in 1924 they moved to Tulsa, Oklahoma, in the heart of oil and gas country.

Great Lakes Pipe Line had been founded in 1930 by a consortium of eight United States oil companies--Continental Oil Company, Sunray DX Oil Company, Skelly Oil Company, Texaco, Union Oil Company of California, Sinclair Oil, Cities Service, and Phillips Petroleum&mdashø service the Midwest.

In 1942, during World War II, he left Williams Brothers to join the navy.

The brothers began building pipelines internationally.1943.

In 1949 the company's first-generation founders, Dave and Miller, retired and sold part of the concern to Dave's son David Williams, Jr., and their nephews, Charles P. Williams, Jr., and John H. Williams.

In 1957, with a net worth of $8 million, it went public.

In 1963 the company lost $4 million on its domestic operations, and only strong overseas business limited its overall net loss to $500,000.

Williams Brothers' net worth in 1965 was $27 million.

In 1966 these "youngsters," as they were known, bought their first pipeline, the 6,228-mile-long Great Lakes Pipe Line System.

In 1969, in a stock swap, the company acquired Edgcomb Steel Company, which processed and distributed metal products in the East and Midwest.

The Great Lakes Pipe Line deal left Williams Brothers with a high debt-equity ratio, 89 percent (it would shoot up to 160 percent by 1970), but this did not deter John Williams from seeking new avenues for growth and diversification.

The company changed its name to "The Williams Companies" in 1971 to reflect this new diversity.

Also that year, the company sold its Williams International Group subsidiary, which had been formed in 1972 to take charge of its original pipeline construction operations.

Williams Brothers had become a diversified enterprise, and in May 1971 it recognized that fact by changing its name to Williams Companies. It was sold off in 1974.

In 1976 Williams joined with Newmont Mining Corporation, Bechtel Group, Boeing Company, Fluor Corporation, and Equitable Life Assurance Society to buy Peabody Coal from Kennecott Corporation, coming away with a 27.5 percent share.

Nonetheless, the company acquired Rainbow Resources in 1977, a Wyoming oil and gas exploration concern, for $40 million, and spent another $40 million expanding its pipeline network.

In 1979 it sold its Williams Energy subsidiary, which consisted of what used to be The Suburban Companies, to Penn Central Corporation for $57 million.

In 1983 Agrico sold its entire retail operation to a management group for $51.7 million and a 40 percent stake in the new company, Crop Production Services, Inc.

In 1984 Williams divested Edgcomb Metals, selling it to a management group.

The purchase of Northwest Energy Company was the beginning of the company’s nationwide system of interstate natural gas pipelines.1985.

The reorganization ended in 1987, when the company sold its stake in Peabody Coal to consortium partner Newmont Mining for $320 million and divested Agrico by selling it to Freeport-McMoRan Resource Partners for $350 million.

In 1989 WilTel became the fourth largest fiber-optic telecommunications company in the United States when it acquired another fiber-optics concern, LIGHTNET, and added 4,500 miles to its system.

In 1991 Williams completed the project.

Also in 1995, Williams acquired ICG Wireless Services, which gave a boost to WilTech by allowing it to connect satellite transmission of video with its fiber-optic network.

The acquisition of Transco Energy Company expanded Williams’ natural gas transportation system to the East Coast and established the company as one of the nation’s largest-volume transporters of natural gas, now delivering about half of the natural gas consumed in New York City.1998.

In October 1999, Williams sent its Communications Group public, offering 29.6 million shares over the New York Stock Exchange.

Dies," Tulsa (Oklahoma) World, 18 January 2000.

Douglas Hicks, Snapshots in Time (Tulsa: Williams Companies, Inc., 2002).

The results of the company’s financial strengthening actions resulted in its return to investment-grade credit.2009.

Williams began investing to grow its business in the Marcellus producing area of the United States Northeast. It also continued to invest in expanding its Transco interstate natural gas pipeline system – the nation’s largest, and fastest-growing – to create access to the “best markets” to the north and south of the Marcellus and Utica supply areas.2014.

Williams placed Transco’s “Big Five” expansion projects into service, increasing capacity on the pipeline by 25%.2017.

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