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WERNER NEWS RELEASE Werner Enterprises Acquires Elite Regional Truckload Carriers ECM Transport Group 7/1/2021 • • Expands terminal , fleet and driver footprint in the strategic Mid - Atlantic , Ohio and Northeast regions Boosts fleet by more than 6 % ; increases coverage for regional short - haul freight in these geographic markets • Combines similar customer - centric cultures , both Werner and ECM are focused on the highest standards of safety and on - time service • ECM achieved 2020 revenues of $ 108 million , with an operating margin of 19.8 % ; expected to be accretive to adjusted EPS in year one OMAHA , Neb . , July 01 , 2021 ( GLOBE NEWSWIRE ) -- Werner Enterprises , Inc. ( Nasdaq : WERN ) , one of the nation's largest transportation and logistics companies , today announced it has signed a definitive agreement and closed on the acquisition of an 80 % equity ownership stake in ECM Transport Group ( " ECM " ) for a purchase price of $ 142.4 million and retains an exclusive option to buy the remaining 20 % of ECM Transport Group after a period of five years . With 2020 revenues of $ 108 million , ECM consists of ECM Transport and Motor Carrier Services of Pennsylvania who are elite regional truckload carriers that operate nearly 500 trucks and 2,000 trailers in their network of 8 terminals and 18 drop yard facilities . " The addition of ECM's skilled drivers , non - driver associates and terminal network strengthens our portfolio by adding short - haul expertise in a segment in which consumer demand and supply chain needs are growing , " said Derek Leathers , Chairman , President and Chief Executive Officer . " This transaction delivers on our ' 5 Ts + S ' strategy and will position us for further growth as we capitalize on positive market dynamics for the remainder of 2021 and beyond . We expect this transaction to be accretive in year one and anticipate cost synergies through integrated management of our combined fleet . " 1