Werner Enterprises Closes $245M FirstFleet Deal, Targets $18M Synergies and Dedicated Growth

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Sat, January 31, 2026 astatine 8:35 AM CST 6 min read

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Werner closed the acquisition of FirstFleet connected Jan. 27, 2026, paying $245 million for the operating equity positive a abstracted $37.8 million acquisition of definite existent estate, funded with cash, revolver borrowings and assumed superior leases.
The transaction lifts trailing 12‑month gross from astir $3.0 billion to astir $3.6 billion and shifts the premix toward dedicated services (from ~43% to ~52%), creating a combined fleet of much than 9,800 trucks with greater density successful the eastbound U.S.
Werner expects astir $18 million of yearly synergies wrong 18 months, says the woody is instantly and double‑digit accretive to EPS pre‑synergies, and anticipates highest leverage astir the low‑2x scope portion keeping FirstFleet arsenic a abstracted concern portion with absorption mostly intact.
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Werner Enterprises (NASDAQ:WERN) outlined details of its acquisition of dedicated trucking relation FirstFleet during a concern update league call, describing the transaction arsenic a strategical measurement to grow its dedicated proscription level and summation the company’s standard and web density, peculiarly successful the eastbound U.S.

Management said Werner closed the acquisition connected January 27, 2026. Werner is purchasing 100% of the equity successful the FirstFleet operating entity for $245 million and has besides entered into a abstracted statement to acquisition definite owned existent property assets for $37.8 million. The woody was funded utilizing currency connected manus and borrowings nether Werner’s existing revolving recognition facility, on with the presumption of definite superior leases.

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FirstFleet’s absorption squad volition mostly stay successful place, and FirstFleet volition run arsenic a concern portion wrong Werner’s Truckload Transportation Services (TTS) segment. Going forward, FirstFleet’s results volition beryllium combined with Werner Dedicated successful quarterly reporting.

Werner Chairman and CEO Derek Leathers said FirstFleet was founded successful 1986 and is headquartered successful Murfreesboro, Tennessee. He emphasized alignment betwixt the 2 companies connected information and service, arsenic good arsenic FirstFleet’s 100% institution operator basal and lower-than-average manufacture turnover.

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Leathers said FirstFleet generated much than $615 million successful yearly gross for the 12 months ended September 30, 2025, operating astir 2,400 tractors and 11,000 trailers, supported by much than 2,650 drivers and serving customers successful astir 130 sites nationwide.