Baylor’s 200 trucks and 980 trailers, which have operated in the east central and south central U.S., will be added to Werner. Existing Baylor leadership (including President Cari Baylor), 234 drivers, and non-driver associates will remain in place.
Werner will retain the Baylor brand to “ensure smooth integration and high driver retention.”
“We will stand by our customers and continue to provide them with the superior service they expect from Baylor,” Baylor said in a press release. “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.”
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.
“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,” said Derek Leathers, Werner Enterprises’ chairman, president and CEO. “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.”
The acquisition is expected to offer freight revenues from a mix of one-way dry van (51%), expedited dry van (42%) and refrigerated (7%) operations.
“Buying power synergies are expected through combined management of our two fleets,” company officials said.