On the Record · Werner Enterprises
Werner Enterprises acquisitions, on the record
The businesses Werner Enterprises bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
ReedTMS (Reed Transport Services, Inc. and RTS-TMS, Inc., doing business as ReedTMS Logistics)Word for word“On November 5, 2022, we acquired 100% of the equity interests in Reed Transport Services, Inc. and RTS-TMS, Inc., doing business as ReedTMS Logistics (“ReedTMS”).” 10-K for 2023 | acquisition | November 5, 2022 | — |
Baylor (FAB9, Inc., doing business as Baylor Trucking, Inc.)Word for word“On October 1, 2022, we acquired 100 % of the equity interests in FAB9, Inc., doing business as Baylor Trucking, Inc. (“Baylor”), for a final purchase price of $ 89.0 million after including the impacts of working capital adjustments, cash acquired, and contingent consideration.” 10-K for 2023 | acquisition | October 1, 2022 | — |
NEHDS Logistics, LLC (NEHDS)Word for word“On November 22, 2021, we acquired 100 % of the equity interests in NEHDS Logistics, LLC (“NEHDS”) for a final purchase price of $ 62.3 million after including the impacts of contingent consideration and net working capital changes.” 10-K for 2023 | acquisition | November 22, 2021 | — |
ECM Associated, LLC (80% ownership interest)Word for word“On July 1, 2021, we acquired an 80 % ownership interest in ECM Associated, LLC ("ECM”) for a final purchase price of $ 141.3 million after net working capital changes and net of cash acquired.” 10-K for 2023 | acquisition | July 1, 2021 | — |
Reed Transport Services, Inc. and RTS-TMS, Inc., doing business as ReedTMS Logistics ("ReedTMS")Word for word“On November 5, 2022, we acquired 100 % of the equity interests in Reed Transport Services, Inc. and RTS-TMS, Inc., doing business as ReedTMS Logistics (“ReedTMS”), for a final purchase price of $ 108.6 million after including the impacts of working capital adjustments, cash acquired, net present value of future insurance payments, and contingent consideration, also referred to as earnout.” 10-K for 2024 | agreed acquisition | On November 5, 2022 | $ 108.6 million |
FAB9, Inc., doing business as Baylor Trucking, Inc. ("Baylor")Word for word“On October 1, 2022, we acquired 100 % of the equity interests in FAB9, Inc., doing business as Baylor Trucking, Inc. (“Baylor”), for a final purchase price of $ 89.0 million after including the impacts of working capital adjustments, cash acquired, and contingent consideration.” 10-K for 2024 | agreed acquisition | On October 1, 2022 | $ 89.0 million |
ECM Associated, LLC ("ECM")Word for word“On July 1, 2021, we acquired an 80% equity ownership interest in ECM Associated, LLC ("ECM”).” 10-K for 2024 | acquisition | On July 1, 2021 | — |
First Enterprises, Inc. (FirstFleet)Word for word“On January 27, 2026, we acquired 100% of the equity interests of FirstFleet for $245 million, which includes a maximum $35 million earnout based on gross revenue net of fuel surcharge for the period April 1, 2026, through March 31, 2027.” 10-K for 2025 | acquisition | January 27, 2026 | $245 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2019-12-31 | $0 |
| 2020-12-31 | $0 |
| 2021-12-31 | $201.8 million |
| 2022-12-31 | $184.1 million |
| 2023-12-31 | $188,000 |
| 2024-12-31 | $0 |
| 2025-12-31 | $0 |
Deal filings since 2016
- 2026-10-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-12-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Werner Enterprises’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.