IFC Fleet Services buys Fownd rental business

Birmingham-based Fownd is a B2B specialist rental supplier of mainly cars, light commercials and refrigerated units.

It provides daily rental services to a variety of corporate clients from SMEs to large corporates, with some flexi-rentals and the provision of multi-term mini-leases as clients require.

Under a phased implementation to ensure the continuity of business, the Fownd back office systems will be gradually migrated over to IFC’s rental platform, although the brand identity will remain separate, with the company having a separate web portal, invoicing system and management information reporting structure.

Tuszynski said: “Over the coming months, IFC’s wealth of knowledge and experience of this market will be brought to the Fownd business with greater investment in systems and processes.”

IFC managing director Paul Talbot said: “Fownd is an excellent fit into our culture, existing client base, core services and system set-up.

“Under IFC’s stewardship, Fownd is ready to grow and flourish, and this new relationship will allow it to do so.”

IFC has around 20,000 drivers under management.

Pictured (left to right): Paul Chater, commercial director, IFC Group; Paul Tuszynski, managing director, Fownd; Paul Talbot, managing director, IFC Group