Werner Enterprises Acquires FirstFleet, Inc.

January 28, 2026

Werner Enterprises (Nasdaq: WERN) acquired privately held First Enterprises, Inc. ("FirstFleet"), a Murfreesboro, Tennessee–based dedicated trucking company, for approximately $245 million in cash plus a separate purchase of real estate (total consideration ~ $282.8 million). The deal adds ~2,400 tractors and 11,000 trailers to Werner, makes it the fifth-largest dedicated carrier in North America, is expected to be immediately accretive to EPS and to yield about $18 million of annual synergies while retaining most FirstFleet management and its Tennessee headquarters.

Buyers
Werner Enterprises, Inc.
Targets
First Enterprises, Inc. (FirstFleet)
Sellers
Owners of First Enterprises, Inc. (FirstFleet) (including Paul Wilson)
Industry
Transportation
Location
Tennessee, United States
Transaction Type
Buyout

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