Werner Enterprises, Inc. (NasdaqGS:WERN) acquired Firstfleet, Inc. for approximately $250 million on January 27, 2026. A cash consideration of $210 million will be paid by Werner Enterprises, Inc. Werner Enterprises, Inc. will pay an earnout/contingent payment of $35 million cash. As part of consideration, $245 million is paid towards common equity of Firstfleet, Inc. . Under a separate agreement, the Company also acquired real estate properties from FirstFleet for $37.8 million. The Company funded these transactions using cash on hand and its existing revolving credit facility, in addition to assuming certain capital leases. With more than $615 million in annual revenues and consistent operating income margins, FirstFleet is expected to be immediately accretive to Werner?s EPS, with even greater earnings uplift expected within the first two years as approximately $18 million in annual synergies are realized. With FirstFleet?s strong track record of cash flow conversion, Werner also expects the transaction to increase free cash flow. FirstFleet will operate as a business unit within Werner?s TTS segment.

Werner plans to retain the majority of FirstFleet?s management and maintain its headquarters in Murfreesboro.

Wofford Advisors LLC served as exclusive strategic advisor to Werner and Koley Jessen P.C., L.L.O. served as legal counsel. While the company utilized existing revolver capacity as financing, Wells Fargo Securities and TD Securities provided financial advisory support to Werner. Raymond James & Associates, Inc. served as lead financial advisor to FirstFleet, with Brentwood Capital Advisors LLC serving as financial advisor. Scudder Law Firm P.C., L.L.O. served as legal advisor to FirstFleet.

Werner Enterprises, Inc. (NasdaqGS:WERN) completed the acquisition of Firstfleet, Inc. on January 27, 2026.