The Chiongbian family is taking back the wheel at FAST Logistics Group, reclaiming full ownership of one of the Philippines’ largest logistics providers and delivering a strong vote of confidence in the country’s long-term supply chain and economic growth story.
Under definitive agreements, the acquisition vehicle of the Chiongbian, a family that built its fortune on domestic shipping and logistics, will purchase the remaining 40 percent stake held by a subsidiary of CVC Capital Partners Asia Pacific IV, restoring 100 percent ownership of FAST to its founding shareholders, subject to regulatory approvals.
The transaction marks the end of a six-year partnership that helped transform FAST into a nationwide logistics platform at a time when e-commerce, manufacturing expansion, and infrastructure investments reshaped demand for modern supply chain services.
The buyout is more than a change in ownership structure for the Chiongbian.It is a statement of intent.
As businesses race to build more resilient and efficient supply chains, the family is positioning FAST to capitalize on rising demand for warehousing, transportation, cold chain services, distribution networks, and technology-driven logistics solutions.
Group President William B. Chiongbian II credited CVC with helping accelerate the company’s growth, enabling FAST to expand its footprint across the country, strengthen operations, invest in digital capabilities, and deepen relationships with leading multinational and local companies.
“As we move toward full family ownership, we remain committed to investing in our people, customers, and capabilities while pursuing sustainable long-term growth,” Chiongbian said.
The return to full family control is expected to give FAST greater strategic flexibility in pursuing long-horizon investments, free from the shorter timelines often associated with private equity ownership.
CVC Philippine Country Head Brice Cu said the partnership helped strengthen FAST’s standing as one of the country’s premier logistics platforms, citing its customer-centric culture and operational excellence.
Financial terms were not disclosed. While the transaction awaits customary regulatory approvals, FAST said operations and customer service will continue uninterrupted.
With logistics increasingly viewed as a backbone of economic competitiveness, the Chiongbians are making a clear bet that the sector’s next growth chapter is only beginning.
