Werner acquires dedicated carrier FirstFleet for $245M

Werner Enterprises announced Wednesday that it has acquired dedicated carrier FirstFleet for $245 million in cash. The deal adds over $615 million in annual revenue and more than 2,400 tractors to Werner’s existing dedicated fleet, making Werner the fifth-largest dedicated provider in the U.S. Werner’s (NASDAQ: WERN) dedicated fleet currently includes 4,865 units and last 12 months’ revenue of $1.15 billion. Werner generates nearly $3 billion in consolidated annual revenue. Murfreesboro, Tennessee-based ...