WERNER ENTERPRISES INC acquired FirstFleet, Inc. for $245 million, a transaction completed in January 2026, structured as All-cash acquisition of 100% of FirstFleet's equity.
FirstFleet, Inc. operates in Dedicated (Truckload Transportation Services), is based in United States (Murfreesboro, Tennessee). FirstFleet is a privately owned dedicated trucking company headquartered in Murfreesboro, Tennessee, that has operated profitably for roughly four decades under multi-year contracts with blue-chip customers (its top-10 customers average about 17 years of tenure). It adds meaningful scale to Werner with approximately 2,400 tractors, 11,000 trailers and 37 properties positioned near about 130 customer sites nationwide. The deal establishes Werner as the fifth-largest dedicated carrier in the US and grows its higher-margin Dedicated division.
Expand Werner's higher-margin Dedicated business and customer base, adding scale and long-tenured contract relationships to make Werner the fifth-largest dedicated carrier in the US and deliver immediate EPS accretion.
Advisory firms were not disclosed for this transaction.