NexTier, a land oilfield service company, agreed to acquire Alamo, a pressure pumper based on next generation horsepower and active fleets, for $268m. "The acquisition of Alamo accelerates and magnifies the impact of our next generation technology strategy, providing NexTier with significant opportunities for deploying gas-powered equipment and complimentary integrated solutions into a market with high and increasing demand. Combined, we will operate the third largest base of active hydraulic horsepower across the US and the largest base of next generation equipment in the Permian, improving our scale with highly-utilized fleets for an efficient customer base. We are impressed with Alamo's performance and their successful track record in the Midland basin. Therefore, other than enhancement by our last-mile logistics, NexHub and digital tools, operational integration will be minimal. Joe McKie, the Alamo President and CEO, will continue to lead the Alamo division of NexTier and report directly to me," Robert Drummond, NexTier President & CEO.