On Monday, Werner Enterprises announced the acquisition of a 200 truck carrier based in Indiana.
On October 3, 2022, Werner reported closing on the acquisition of FAB9, Inc., doing business as Baylor Trucking, Inc.
Werner did not disclose the financial terms of the agreement.
Werner said that they’ll add Baylor’s “234 highly-skilled, tenured and professional drivers” to their team, as well as Baylor’s fleet of 200 trucks (170 company and 30 independent contractor) and 980 trailers.
Baylor will retain its current leadership, including President Cari Baylor, as well as driver and non-driver employees. The trucking company will continue to operate under the “Baylor” brand name for the purposes of smooth integration and high driver retention.
Werner says that Baylor will operate as a standalone business unit within Werner, and their financial results will be reported in Werner’s One-Way Truckload unit within Truckload Transportation Services
“Baylor, with its highly-skilled professional drivers and non-driver associates, further strengthens our portfolio with their exceptional service and stellar reputation,” said Derek Leathers, Chairman, President and Chief Executive Officer. “I have known Cari Baylor for many years and I have tremendous respect for what Cari, her family and her leadership team have created at Baylor. This acquisition delivers on our Werner DRIVE strategy and will position us for further growth. We expect this transaction to be accretive in year one and anticipate buying power synergies through integrated management of our combined fleets.”
Leathers continued, “Both Werner and Baylor believe deeply that our professional drivers are the backbone of our companies. Both companies were founded by their first driver. We look forward to welcoming the Baylor team and working together to create additional value for our customers and shareholders.”
“I have admired and respected Werner for a long time as an industry leader. We are extremely excited to join the Werner team and look forward to continued growth as we leverage the strengths of Baylor and Werner to serve our existing and new customers at even higher levels. We will stand by our customers and continue to provide them with the superior service they expect from Baylor. Aligning with Werner only expands our service capabilities. Werner shares our passion for delivering value and continually creating personal and professional opportunities for our elite Baylor team,” said Cari Baylor, President of Baylor Trucking.
Milan, Indiana-based Baylor Trucking was founded in 1946 by Chester Baylor and provides truckload services to clients in the east central and south central U.S., with their network of two terminals.