Powermarque is said to be looking to buy a contract hire firm which will double its fleet size from 17,000 vehicles to about 30,000. But it is also targeting organic growth of 25% according to managing director James Daly.
He said: 'We are always looking for acquisition opportunities. There are a lot of strategic changes taking place in the market and we are still actively looking for opportunities.'
Powermarque was the winner of the Best New Fleet Company award at this year's Fleet News Awards.