Jun 28, 2022 - Economy & Business

Direct ChassisLink buyout is a major shakeup in America's supply chain

Illustration of a semitruck and shipping containers surrounded by abstract shapes and money elements.
Illustration: Gabriella Turrisi/Axios

A key part of America's supply chain infrastructure will now be owned by a trio of foreign investment firms, as Charlotte-based chassis lessor Direct ChassisLink agreed to be acquired by GIC, Omers Infrastructure and Wren House.

By the numbers: DCLI is the country's largest intermodal chassis provider, with over 151,000 marine and 100,000 domestic chassis in its fleet.

Details: GIC is a Singaporean sovereign wealth fund, OMERS is a Canadian pension and Wren House is a London-based investment affiliate of Kuwait. No financial terms were disclosed.

Be smart: Don't be surprised to see CFIUS take a hard look at the national security implications of this deal, particularly given all of last year's marine port bottlenecks.

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