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
Explore More
Related Acquisitions
-
Werner Enterprises Acquires 80% Stake in ECM Transport Group
July 1, 2021
Logistics & Distribution
Werner Enterprises acquired an 80% equity stake in ECM Transport Group for $142.4 million, with an exclusive option to purchase the remaining 20% after five years. The deal adds nearly 500 trucks, 2,000 trailers and over 500 drivers to Werner's network, increasing its short-haul/regional truckload capabilities and expanding its presence in the Mid-Atlantic, Ohio and Northeast regions.
-
Werner Enterprises Acquires NEHDS Logistics, LLC
November 29, 2021
Transportation
Werner Enterprises acquired NEHDS Logistics, LLC, a Monroe, Connecticut-based final mile carrier, for $64 million (including a $4 million earnout). The acquisition expands Werner's final mile and big-and-bulky delivery capabilities across the Northeast and Midwest, integrating NEHDS's fleet, facilities and management into Werner's nationwide network.
-
One Equity Partners Acquires Wheeler Fleet Solutions from VSE Corporation
February 18, 2025
Logistics & Distribution
One Equity Partners has agreed to acquire Wheeler Fleet Solutions, an aftermarket parts distributor serving medium- and heavy‑duty fleets, from VSE Corporation in a divestiture transaction. Comvest Credit Partners provided a senior secured credit facility to support the acquisition; Wheeler is headquartered in Somerset, Pennsylvania and employs roughly 300–400 people across multiple U.S. distribution centers.
-
FleetPride Acquires Zender's Truck & Equipment, Parts & Service
May 9, 2023
Transportation
FleetPride, Inc. has acquired the assets of Zender's Truck & Equipment, Parts & Service, Inc., a heavy-duty truck parts and service provider based in Bellingham, Washington. The deal expands FleetPride's national footprint — marking its first service location on the West Coast — and gives local customers access to FleetPride's supply chain, e-commerce and career development resources.
-
FleetPride Acquires Truck Service Company, Inc. (Chattanooga, TN)
September 14, 2021
Transportation
FleetPride, Inc. has acquired the assets of Truck Service Company, Inc., a Chattanooga-based heavy-duty truck repair and service center. The acquisition adds a service location that will complement FleetPride's nearby parts branch and expand its parts-and-service offering for fleets and drivers in southern Tennessee and northern Georgia.
-
Stonepeak Acquires Fleet Companies
November 19, 2024
Transportation
Stonepeak, a New York-based alternative investment firm, has acquired Fleet Companies, a regional trailer dealership and leasing company headquartered in Memphis, Tennessee. Fleet will serve as the seed asset for a national trailer platform Stonepeak plans to build across the U.S.; terms were not disclosed and the deal has closed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.