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

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.

→ Microsoft Drops After Earnings—Why the Bull Case Holds

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.

→ Meta Soars After-Hours, Forecasting Fastest Growth Since 2021

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.

On a combined basis, Werner said trailing 12-month gross (ended September 30, 2025) would summation from astir $3.0 billion to astir $3.6 billion. Management said the combined truckload proscription services fleet volition run much than 9,800 trucks, including astir 7,365 dedicated trucks and astir 2,480 one-way truckload trucks.

→ Palantir Bulls Face a Reality Check Before Earnings

Werner highlighted the acquisition’s interaction connected its concern premix and strategy. Management said the combined company’s gross premix would tilt further toward dedicated, with dedicated expanding from astir 43% of full revenues to astir 52% connected a combined basis. One-way truckload and logistics were cited astatine astir 22% and 24% of full revenues, respectively.