One-Page Deal Sheet
Nextier Acquires Fellow Pressure Pumper for $268 Million
Nextier Oilfield Solutions Alamo Pressure Pumping
Announced Date
August 05,2021
Transaction Type
Corporate
Transaction Details: Subscribe to see
NexTier Oilfield Solutions has reached an agreement to acquire 100% of the ownership interests of Alamo Pressure Pumping for $268 million.
The transaction is expected to be completed by August 31, 2021.
Deal Details:The transaction valuation is approximately $268 million, which includes:
Cash consideration of $100 million The issuance of 26 million shares of NexTier's common stock The assumption by the Company of certain existing liabilities, including $38 million of equipment obligations $30 million of post-closing services to be provided to Alamo E&PThe Purchase Agreement also provides…