Cresta, Endurance Back Sentinel Midstream’s Gulf Coast Expansion

Cresta Fund Management and Endurance Investment Partners are backing Sentinel Midstream’s Enercoast platform with a new investment vehicle, supporting Gulf Coast pipeline expansion and long-term midstream growth.

(P&GJ) — Cresta Fund Management has closed a new investment vehicle to support Sentinel Midstream’s Enercoast platform, a Gulf Coast liquids pipeline operator. The vehicle, managed by Cresta and backed by Endurance Investment Partners, will provide liquidity to existing investors while positioning Cresta as a long-term partner in Sentinel’s growth strategy.

Through its Enercoast Midstream subsidiary, Sentinel owns and operates last-mile infrastructure linking Gulf Coast terminals to refineries and export facilities. Since Cresta’s initial investment in 2021, Enercoast has acquired controlling interests in two joint ventures in Texas and Louisiana, building a reputation for safe and efficient operations.

“Enercoast's success is a testament to the strength of its assets, the quality of its partnerships, and the capabilities of the Sentinel management team,” said Wade Webber, Managing Director at Cresta.

Endurance Partner John Spradling added, “We are proud to partner with Cresta, a leading energy infrastructure sponsor. We are excited to be part of the next phase of growth and to support the continued success of the business.”

Sentinel CEO Jeff Ballard said the platform is positioned to accelerate development and take advantage of midstream opportunities along the Gulf Coast.

For Cresta, the move highlights its strategy of acquiring and developing midstream assets central to U.S. energy infrastructure.