At what enterprise value was FIRSTFLEET acquired in 2026?

During the acquisition of FIRSTFLEET by WERNER ENTERPRISES in 2026, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of FIRSTFLEET when it was acquired by WERNER ENTERPRISES?

The exact EV/EBITDA multiple for FIRSTFLEET is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was FIRSTFLEET acquired by WERNER ENTERPRISES?

FIRSTFLEET was acquired by WERNER ENTERPRISES in 2026.

What was the revenue of FIRSTFLEET at the time of the deal?

The revenue of FIRSTFLEET at the time of the deal is estimated to be in the range of 450M - 900M USD. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the FIRSTFLEET acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the FIRSTFLEET deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.investing.com/news/company-news/werner-acquires-firstfleet-for-245-million-to-become-fifthlargest-dedicated-carrier-93CH-4470203

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Home Database Business ServicesFIRSTFLEET

01/2026

FIRSTFLEET acquired by WERNER ENTERPRISES

UNITED STATES Transport & Logistics / Freight Transport EV 100M - 350M USD

Context

Werner Enterprises acquired FirstFleet, Inc. for $245 million in cash for the operating business The acquisition is immediately accretive to EPS and establishes Werner as the 5th largest dedicated carrier in the U.S., increasing its dedicated revenue by ~50%. The deal aims to capture $18 million in annual synergies within two years by optimizing purchasing power and fleet density in the Eastern U.S.

FIRSTFLEET, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Headquartered in Tennessee, FirstFleet is a leading provider of dedicated trucking services in the United States. Operating a fleet of approximately 2,400 tractors and 11,000 trailers, the company serves over 130 customer sites with a focus on resilient, high-volume verticals such as grocery, bakery goods, and corrugated packaging. FirstFleet distinguishes itself through long-term customer relationships (average 17-year tenure for top clients) and a consistent financial profile, generating over $615 million in annual revenue.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

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2025

2024

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REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 450M - 900M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIRSTFLEET by WERNER ENTERPRISES are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.