M&A Deal Summary

NexTier Oilfield Solutions Acquires Alamo Pressure Pumping

On August 4, 2021, NexTier Oilfield Solutions acquired oil/gas exploration company Alamo Pressure Pumping for 268M USD

Acquisition Highlights
  • This is NexTier Oilfield Solutions’ 1st transaction in the Oil/Gas Exploration sector.
  • This is NexTier Oilfield Solutions’ largest (disclosed) transaction.
  • This is NexTier Oilfield Solutions’ 3rd transaction in the United States.
  • This is NexTier Oilfield Solutions’ 3rd transaction in Texas.

M&A Deal Summary
Date 2021-08-04
Target Alamo Pressure Pumping
Sector Oil/Gas Exploration
Buyer(s) NexTier Oilfield Solutions
Deal Type Add-on Acquisition
Deal Value 268M USD
Advisor(s) Kirkland & Ellis (Legal)

Target

Alamo Pressure Pumping

Midland, Texas, United States
Alamo Pressure Pumping is a Permian pressure pumper based on next-generation horsepower and active fleets. Acquired assets include 9 hydraulic fracturing fleets comprised of 460,000 horsepower, approximately 92% of which is Tier IV DGB capable. Alamo operates exclusively in the Permian Basin and primarily out of Midland. Alamo Pressure Pumping was founded in 2017 and is based in Midland, Texas.

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Buyer(S) 1

Buyer

NexTier Oilfield Solutions

Houston, Texas, United States
Category Company
Founded 1973
Sector Oil/Gas Exploration
Employees3,340
Revenue 1.4B USD (2021)
DESCRIPTION

NexTier Oilfield Solutions is a provider of integrated completions focused on US land. The company delivers safe, efficient and innovative services that enable customers to win by accelerating production while generating leading returns. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. NexTier Oilfield Solutions was founded in 1973 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 3 of 3
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 NexTier Oilfield Solutions - Well Support Services

Texas, United States

NexTier Oilfield Solutions, Inc's Well Support Services is a provider of well support and production services based in Texas

Sell $94M
Mergr

Product

Company

Legal