In this Letter, we propose and realize a novel concept for a high-peak-power highly efficient fiber amplifier in the 1.55 µm spectral range. The amplifier is based on the simultaneous utilization of Er-doped, Yb-free, and Er-Yb codoped large-mode-area fibers spliced together. Using this approach, we demonstrate the amplification of single-frequency 160 ns pulses at 1554 nm to a peak power of 3.7 kW with a pump-to-signal conversion efficiency of 23.6% relative to the launched multimode pump power at 976 nm.