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Werner acquires FirstFleet for $245M, boosting revenue 50% and becoming North America’s fifth-largest dedicated carrier.
Werner Enterprises completed a $245 million cash acquisition of FirstFleet, a Tennessee-based dedicated carrier, expanding its footprint in the dedicated freight sector.
The deal, which includes $38 million for real estate, boosts Werner’s revenue by about 50% and positions the combined company as the fifth-largest dedicated carrier in North America.
FirstFleet, with 2,400 tractors and $615 million in annual revenue, will retain its headquarters and management.
The acquisition strengthens Werner’s presence in grocery, packaging, and baked goods markets, with an expected $18 million in earnings growth within two years.
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Werner adquiere FirstFleet por $245M, aumentando los ingresos un 50% y convirtiéndose en el quinto mayor transportista dedicado de América del Norte.