Exolum Announces Agreement to Acquire 50% of Leading Ammonia and NGL Storage Terminal from Moda Midstream
Vinson & Elkins advised Moda Midstream LLC (“Moda”) in connection with its entry into a definitive agreement with Exolum, a global leader in liquid product storage and logistics, pursuant to which Exolum will acquire 50% interest in Vopak Moda Houston LLC, an ammonia storage, import and export terminal located on the Houston Ship Channel, from Moda.
The Vinson & Elkins team was led by partner Matt Falcone with assistance from senior associate Jordan Fossee and associates Sebastian Devora and Brad Oster. Other key team members include partner Sarah Mitchell; counsel Rajesh Patel and associate Alexa Chally; senior associate Alex Turner and associate Tushar Parashar; partner Ryan Carney, counsel Peter Rogers and associate Katie Dillard; partner Matt Dobbins and associate Simon Willis; partners Kara Kuritz, Rick Sofield and Hill Wellford, senior associate Ryan Will and associates Adam Thomas and Annabelle Castleman; partner Courtney Hammond; partner Sean Becker; partner Shane Tucker; and associates Destiny Alliniece and Brian Park.
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