SEAONUS - Key Persons

Job Titles:

• President
• Industry Leader
• PRESIDENT of ENSTRUCTURE MID - ATLANTIC

As President of Enstructure Mid-Atlantic, Bayard is responsible for overseeing operations and commercial activities across Enstructure's Mid-Atlantic businesses, including Port Wilmington, Port Contractors (PCI) in Wilmington, DE, and Fairless Hills, PA, and Intercontinental Services (ICS) in Wilmington, DE. Bayard brings over 25 years of experience in marine terminals, transportation, and supply chain logistics. Before joining Enstructure, Bayard served as Vice President for Ports America Chesapeake, where he was responsible for all Ports America's container, auto/RORO, and breakbulk operational and commercial activities in the Port of Baltimore, including Ports America's 50-year public-private partnership lease and concession agreement for Seagirt Marine Terminal. Under Bayard's leadership, operations were recognized for industry-leading safety and productivity. He delivered over $500 million in capital projects and successfully partnered on $100 million in grants. These projects include berth and terminal development, sustainability, electrification, and rail improvements, allowing Seagirt Marine Terminal to attract the largest container vessels on the East Coast to the Port of Baltimore. Bayard has a proven track record of fostering partnerships and building strong relationships with public-private stakeholders, supply chain partners, and local communities in promoting economic growth and regional development. Bayard Hogans joins Enstructure as President of Enstructure Mid-Atlantic (WILMINGTON, DE) - Enstructure, a leading U.S. terminal and logistics company, has announced the addition of Bayard Hogans as President of Enstructure Mid-Atlantic. In this role, Hogans will be responsible for overseeing operations and commercial activities across Enstructure's mid-Atlantic businesses, including Port Wilmington in Wilmington, DE; Port Contractors (PCI) in Wilmington, DE and Fairless Hills, PA; and Intercontinental Services (ICS) in Wilmington, DE. "It's an exciting time to join Enstructure. The company is at the forefront of innovation and has a stellar reputation for operational excellence and reliability. Enstructure is an industry leader in the high-growth mid-Atlantic market and this role was a great opportunity for me to build on their success," said Hogans. Hogans brings over 25 years of experience in marine terminals, transportation, and supply chain logistics. Before joining Enstructure, Hogans served as Vice President for Ports America Chesapeake, where he was responsible for all of Ports America's container, auto/RORO, and breakbulk operational and commercial activities in the Port of Baltimore, including Ports America's 50-year public-private partnership lease and concession agreement for Seagirt Marine Terminal. "Bayard is an industry leader with a proven track record of building strong employee and customer relationships and engaging local communities and political leaders," said Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure. "As the new operator of Port Wilmington, we needed someone with the right experience, skill, and tenacity to fill this role. Bayard's commitment to safety, transparency, and responsible development stood out in our exhaustive hiring process and we're thrilled to have him on our team." During his tenure at Ports America Chesapeake, Hogans has been honored with the Maryland Governors International Business Leadership Award, the Traffic Club Transportation Person of the Year Award, and Propellor Club Transportation Person of the Year Award. An advocate for the communities he works in, Hogans partnered with the United Way, American Heart Association, Catholic Charities, Port Discovery Children's Museum, and other nonprofits in the Port of Baltimore communities.

Job Titles:

• ASI Co - Owner
• PRESIDENT of ENSTRUCTURE SOUTHEAST

As President of Enstructure Southeast, Brian is responsible for Enstructure's operations in Savannah, Jacksonville, Port Canaveral, Palm Beach, Port Everglades and Mobile. Brian Hubert currently has devoted over 38 years of his life to stevedoring, terminal operations and port operations. Brian's attitude and love for life give him the ability to seek new opportunities even if they come as a challenge. Brian's perseverance and expectation for positive results help him achieve success. Although he is the ultimate decision maker for Enstructure's South East terminals, Brian answers to a higher power. His Christian faith has helped him to maintain integrity throughout his life. With 25 years as President and Co-owner of ASI, he has continued to stay focused on the future of the terminals he oversees. Brian Hubert started his maritime career in the Early 80's working for Sea Escape Cruises LTD and R&L May Steamship agency as a Stevedore Supervisor and Ship's Agent. Throughout his career, he continues to live and breathe all aspects of the maritime industry working with vessel owners, various shippers, receivers, charterers, various Ports and terminals, Governmental agencies as well as the the US Military. Brian's extensive knowledge and involvement of all aspects of business include terminal and cargo operations, international relations, office and personnel management, accounting, business development, customer relations, insurance matters, proposals, contract creation and negotiations, legal matters, environmental aspects, port terminal design, equipment purchasing, logistics and human resource functions.

Job Titles:

• CHIEF LEGAL OFFICER
• Member of the Enstructure Team

As Chief Legal Officer, Casey is responsible for managing a broad range of transactional matters, including M&A, capital markets, joint ventures and commercial transactions. Prior to joining Enstructure, Casey was a senior associate in the private equity group of Day Pitney LLP, where he assisted clients with corporate matters including M&A, equity and debt capital raising, joint ventures, partnerships and executive compensation arrangements. Previously, Casey was an associate in the corporate group of Lowenstein Sandler LLP. Casey graduated from Seton Hall University School of Law, Order of the Coif.

Job Titles:

• CHIEF INTEGRATION OFFICER
• Enstructure in 2018 As Chief Financial Officer

Corey joined Enstructure in 2018 as Chief Financial Officer and is now the company's Chief Integration Officer and Chief Sustainability Officer. For newly acquired businesses, Corey provides broad support and oversight over the integration process to ensure a seamless and timely integration effort. Corey is also responsible for developing and monitoring our evolving sustainability program as we grow and expand our operations. In addition, he is responsible for a variety of financial and operational initiatives intended to optimize our businesses' efficiency and profitability while ensuring that terminal locations minimize their environmental impact and implement sustainable business practices. Prior to joining Enstructure, Corey was a partner at Citrin Cooperman, where he led an outsourced accounting and CFO practice. He was also a full-time professor at Johnson and Wales University in Providence, RI, where he taught finance and business courses. Corey is a Certified Public Accountant and graduated with a B.S. from Bryant University and an MBA from UMass Lowell.

Job Titles:

• CD Founder
• PRESIDENT of ENSTRUCTURE INLAND RIVER

As President of Enstructure Inland River, Dan is responsible for the management and oversight of all transportation and logistics activities of the company's CD Terminal operations (Winona and Red Wing, Minnesota) and Fullen Dock & Warehouse operations (Memphis, Tennessee). With over 25 years of experience in transportation and logistics on the Mississippi River, including as a terminal owner, Dan has worked closely with a broad range of companies across the United States, transporting and storing products such as fertilizer, gypsum, salt, distillers' grain, pig iron, scrap metal, and rebar.

Job Titles:

• CHIEF TECHNOLOGY OFFICER
• Member of the Enstructure Team

As Chief Technology Officer, Eric provides leadership over a broad range of technology focus areas, such as corporate technical infrastructure, operational systems, cybersecurity, customer-facing technology, and our overall tech strategy. Mr. Kierstead began his career as a software engineer in the Telecommunications industry. He later moved into logistics, first working as Divisional CIO at Geodis, and later as CIO of BeavEx Logistics, a national transportation company. Prior to joining Enstructure, Eric was Chief Information Officer at Material Handling Systems Inc, a global leader in the design and construction of eFulfillment centers. Mr. Kierstead has B.S. and M.S. degrees in Engineering from Cornell University, and an M.S. degree in Computer Science from Kansas State University.

Job Titles:

• President of Gateway

As President of Gateway and Richardson, Jim is responsible for overseeing the operations and commercial activities across Gateway's two locations in New Haven and New London, Connecticut and the Richardson operations in Houston and Baytown, Texas. Jim brings over 30 years of experience in the terminal, marine, and shipping logistics industries to the Enstructure team. Prior to joining Enstructure, Jim managed twelve terminals and the respective marine business for Ozinga Materials and Logistics. Prior to Ozinga, James served in a variety of executive capacities across North America terminal businesses. Most notably, James served as CEO of Diversified Port Holdings, a Southeastern United States breakbulk port terminal and logistics operation that included the Seaonus and Portus terminals, and President of Metro Ports, a national terminal operator and stevedoring company with 21 terminal locations.

Job Titles:

• CHIEF HUMAN RESOURCES OFFICER
• Member of the Enstructure Team

As Chief Human Resources Officer, Kate is responsible for providing leadership and coordination of the company's human resources policies and programs, administration of various employee benefit plans, oversight of employee relations and staffing activities as well as acting as a key resource on HR due diligence associated with acquisition and integration related matters. Prior to joining Enstructure, Kate was a Senior Vice President and Human Resources Manager at Bank of America where she provided HR generalist support for a number of key business units and staff support functions. In this capacity, Kate was accountable for the execution of strategic HR initiatives including talent planning & assessment, performance management, employee relations, organizational design, staffing, compensation and employee recognition and engagement. Kate graduated from Providence College with a Bachelor's Degree in English and French.

Job Titles:

• Member of the Enstructure Team
• CO - CEO and CHAIRMAN

Matthew is Co-Chief Executive Officer and Chairman of Enstructure and Managing Partner of Mavington Capital. Mavington serves as Mr. Satnick's family office. Mavington provided the initial funding for Enstructure in 2017 and remains its largest investor. Prior to establishing Mavington, Matt spent over five years at Michael Dell's family office, MSD Capital, where he focused on investing in energy, infrastructure, transportation and industrial cyclical opportunities. Before joining MSD Capital, Matt spent over eight years in private equity, primarily with Odyssey Investment Partners, where he focused on majority control buy and build investments in North American-based industrial manufacturing, industrial services, and business services companies. Mr. Satnick holds a B.A. from the University of Pennsylvania.

Job Titles:

• CHIEF COMMERCIAL OFFICER

Mike has over 30 years of business experience across several industries. As President of Enstructure Mid-Atlantic and Chief Commercial Officer, Mike is responsible for Port Contractors Inc ("PCI") Wilmington, PCI Fairless Hills and Intercontinental Services terminal businesses. He also leads commercial activities across Enstructure's terminal network, as well as corporate safety and development of the Company's capital projects from inception through construction. Prior to joining Enstructure, Mike was President of Port Contractors, Inc., where he led the expansion of Port Contractors, Inc. into several new markets, acquiring and developing key assets and positioned the company as a leader in its sector. Previously, Mike held several roles with Accenture, where his responsibilities included negotiating and contracting for multi-year consulting and outsourcing projects, delivering and integrating client projects and project financial reporting on large scale initiatives. Earlier in his career, Mike worked for OHM an environmental remediation company as a project manager. Mike majored in Economics and Business Administration and has a Bachelor of Arts from Ursinus College.

Job Titles:

• Member of the Enstructure Team
• CO - CEO and FOUNDER

Philippe is Co-Chief Executive Officer and founded Enstructure in 2015. Philippe has over 20 years of commercial and transactional experience in the energy and infrastructure sectors. Prior to founding Enstructure in 2015, Philippe was Vice President of Development with the U.S. affiliate of Drax Group plc, where he played a key role in developing the company's biomass manufacturing and terminal infrastructure businesses. Previously, Philippe held roles with Verenium Biofuels (acquired by BP) and Joule Unlimited, where his responsibilities included corporate and business development. Earlier in his career, Philippe worked as a M&A and securities lawyer with the firm of Stikeman Elliott LLP. Philippe holds a law degree from University of Montreal and an MBA from the Tuck School of Business at Dartmouth.

Job Titles:

• CHIEF OPERATING OFFICER
• Member of the Enstructure Team
• Chief Operating Officer for Enstructure

Ryan serves as the Chief Operating Officer for Enstructure, where he is responsible for mergers and acquisitions activity, corporate development as well as corporate strategy, planning and execution across the Enstructure terminal network. Prior to joining Enstructure, Ryan was a Vice President in M&T Bank's Debt Capital Markets group, where he executed leveraged finance transactions across a variety of sectors. Ryan graduated with a B.A. from Vassar College where he studied Political Science and minored in Economics.

Job Titles:

• CHIEF FINANCIAL OFFICER
• Member of the Enstructure Team

Sean joined Enstructure in April 2022, and has over 20 years of senior financial leadership positions at public, private and private-equity backed enterprises, including lead roles in a number of initial public offerings and exit transactions for aggregate proceeds in excess of $14 billion. Prior to joining Enstructure, Sean was CFO of StonePoint Materials, a private-equity backed aggregates and construction products enterprise. Prior to that, he was CFO at public companies such as Atlas Energy and StoneMor Partners (deathcare), and private companies such as Cardone Industries (auto part manufacturing) and Preferred Sands (energy). Sean began his career in public accounting at Arthur Andersen LLP. Sean graduated with a B.A. from LaSalle University in Accounting and is also a Certified Public Accountant.