About Moda Midstream
Moda Midstream is an Energy & Utilities company based in Houston (United States) founded in 2015, and was acquired by Enbridge in September 2021. Liquids terminaling and logistics solutions are provided for energy needs. It operates on a Managed Services model. Moda Midstream has raised $750 million across 3 funding rounds from investors including Enbridge and EnCap Flatrock Midstream. Moda Midstream has completed 1 acquisition, including Inglesideenergycenter.com. Moda Midstream offers products and services including Liquids Terminaling and Logistics. Its focus areas include Energy, Oil & Gas and Midstream. Its competitors include Diamond Shipping and ASCO Group.
Company details
Moda Midstream is engaged in providing independent midstream solutions, specializing in the acquisition and development of last-mile storage and transportation infrastructure. Emphasis is placed on deep-water capabilities to support critical logistics needs. The company operates within the energy sector, delivering reliable services for liquids terminaling and transportation. Financial backing is provided by EnCap Flatrock Midstream, and operations are managed by a team of experienced industry professionals with a history of success in infrastructure development.
- Headquarters Houston, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Website modamidstream.com
- Acquired by Enbridge (Sep 2021)
Products & Services of Moda Midstream
Moda Midstream offers a comprehensive portfolio of products and services, including Liquids Terminaling and Logistics.
Liquids terminaling services are provided for storage needs.
Transportation logistics solutions are offered for efficient delivery.
Funding Insights of Moda Midstream
Moda Midstream has successfully raised a total of $750M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $750M
- Total Rounds 3
- First Round $750M
(Mar 2015)
- Investors Count 1
All 3 funding rounds of Moda Midstream with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | Seed | – | – | ||
| Apr 2021 | $300M | Debt – Conventional | – | – | – |
| Mar 2015 | $750M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Moda Midstream
Moda Midstream has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Enbridge and EnCap Flatrock Midstream.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in midstream management teams. | efmidstream.com | San Antonio, United States | ||
Liquid storage, transportation, and distribution services are provided globally. | 1949 | enbridge.com | Calgary, Canada |
Investor details for Moda Midstream
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People of Moda Midstream
9 people are tracked at Moda Midstream (1 in leadership, 6 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Jon Ackerman | CEO & Co-Founder | Leadership |
William R. Lemmons Jr. | Board Member | Board & advisors |
Bo Mccall | Chairman & Co-Founder | Board & advisors |
Javier Del Olmo B. | Founder And Board Member | Board & advisors |
Matthew R. Melton | Board Member | Board & advisors |
Gregory C. King | Board Member | Board & advisors |
J. Zachary Kayem | Board Member | Board & advisors |
Troy Dodson | Pipeline Manager | Team |
Shawn Murrell | DCS Operator | Team |
Complete people profiles for Moda Midstream
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Investments & Acquisitions by Moda Midstream
Moda Midstream has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Inglesideenergycenter.com.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Operator of oil and gas storage terminal | inglesideenergycenter.com | 2004 | Sep 2018 | •••• |
Complete acquisition details for Moda Midstream
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Timeline of Moda Midstream
5 dated milestones of Moda Midstream across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Moda Midstream is founded.
- Funding First funding round of $750.0M.
- Acquisition Acquires Inglesideenergycenter.com.
- Exit Acquired by Enbridge.
- Funding Latest funding round, Seed,.
Competitors of Moda Midstream
Moda Midstream has 2 listed competitors in our database. They include Diamond Shipping and ASCO Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| diamondsshipping.com | 2007 | Greenwich, United States | 1,465 | Oil and gas products are shipped globally by Diamond Shipping. | ||
| ascoworld.com | 1967 | Shoreview, United States | Oilfield personnel, logistics, supply, training, and waste services are provided. |
Detailed competitors of Moda Midstream
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Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Moda Midstream (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Related news about Moda Midstream
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Frequently Asked Questions about Moda Midstream
Moda Midstream was founded in 2015.
Moda Midstream is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Moda Midstream is a funded company, having raised a total of $750M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $750M, raised on Mar 2015.
Moda Midstream is engaged in providing independent midstream solutions, specializing in the acquisition and development of last-mile storage and transportation infrastructure. Emphasis is placed on deep-water capabilities to support critical logistics needs. The company operates within the energy sector, delivering reliable services for liquids terminaling and transportation. Financial backing is provided by EnCap Flatrock Midstream, and operations are managed by a team of experienced industry professionals with a history of success in infrastructure development.
Moda Midstream's top competitors include Diamond Shipping and ASCO Group.
Moda Midstream offers Liquids Terminaling and Logistics.
Moda Midstream has made 1 acquisition, including Inglesideenergycenter.com.
Moda Midstream has 2 investors. Key investors include Enbridge, and EnCap Flatrock Midstream.
Yes. Moda Midstream was acquired by Enbridge in September 2021.