Easton Energy Announces Key Appointments to Management Team

December 8, 2021 (HOUSTON) – Easton Energy (“Easton” or the “Company”), a Houston-based infrastructure company that provides transportation and storage services for natural gas liquids, refined products, and petrochemicals, today announced it has appointed G.R. “Jerry” Cardillo as President and Chief Executive Officer effective December 1, 2021. In addition, the Company recently promoted Al Martinez to Chief Commercial Officer from his previous role as Senior Vice President Commercial. The appointments of Mr. Cardillo and Mr. Martinez bring over 80 years of collective experience to the Easton executive team.

Mr. Cardillo brings over 40 years of prior energy industry experience. Mr. Cardillo is a graduate of the United States Merchant Marine Academy and holds an MBA from the University of Louisiana Lafayette. He has been a significant contributor on various upstream, midstream and downstream assignments, most recently as President and CEO at Contanda Terminals LLC (now part of the BWC Terminals). Prior to his role at Contanda, Mr. Cardillo spent over 14 years at Enterprise Products Company where he served as Senior Vice President with overall leadership of the Petrochemicals and Marine services divisions.

Mr. Martinez brings over 40 years of midstream energy experience with extensive industry relationships and institutional knowledge in the Natural Gas Liquids (NGLs) and petrochemical markets. Prior to Easton, Mr. Martinez served as Director of Commercial Development at Martin Midstream. Mr. Martinez spent 35 years at Enterprise Products LP where he served in various leadership roles, most recently as Senior Vice President of NGL Marketing & Supply.

Cresta’s Partner, David Miller, stated, “We’re pleased to add industry veterans Jerry and Al to the Easton executive team and look forward to working with them to continue executing the vision of growth for Easton.”

About Easton Energy
Easton is a Houston based midstream company focused on developing infrastructure assets that support the transportation, storage, and processing of natural gas liquids (“NGLs”), refined products, and petrochemicals. Easton’s primary assets include liquid hydrocarbon salt cavern storage facilities at Markham, TX and approximately 416 miles of product distribution pipelines that connect key markets along the Texas and Louisiana Gulf Coast. Easton is backed by private equity sponsor Cresta Fund Management. For more information, please visit: www.eastonenergy.com.

About Cresta Fund Management
Easton is a portfolio company of Cresta Fund Management (“Cresta”), a growth-oriented, middle market-focused private equity firm with over $1b of assets under management that invests in sustainable and conventional energy, industrial, materials, and agricultural infrastructure. Founded in 2016 and based in Dallas, Texas, Cresta’s team has a strong operational history, with decades of combined development, engineering, commercial, trading, legal and financial experience in the infrastructure industry, and its founding partners have worked together as a team since 2007. For more information please visit www.crestafunds.com.