Eddie Stobart, known for its signature fleet of lorries, has announced plans to raise around £130m by listing on London's junior alternative investment market (Aim).
The money raised from the IPO will allow the firm to drive up its ambitions to achieve organic growth as well as through bolt-on acquisitions in what the firm called a "highly fragmented" market.
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The firm expects to achieve a valuation "in excess" of £550m and the existing owners won't hold more than 30 per cent of the company after the IPO, which is expected to take place next month.
It comes three years after the logistics firm was split off from the larger Stobart group. It's currently majority owned by a group of funds advised by Manx investment group DBay. The Stobart group maintains a 49 per cent stake.
Alex Laffey, Eddie Stobart's chief executive, said the IPO was "an exciting next step for the business that will give us a strong platform for further growth".
"We have transformed the business over the last three years and made significant investment in our customised technology and systems alongside developing our management and workforce to support growth in new business sectors," he added. "We look forward with confidence to creating value for our customers and our shareholders in the years to come."
Eddie Stobart said it had gone through a "transformational period" since being split off from the Stobart group in 2014 and has a "strong track record" of growth, with robust margins and good cash generation.
It generated revenues of £594m in the year to 30 November and adjusted earnings before interest and tax of £41m.
The firm also announced that Philip Swatman has agreed to join the firm and act as independent chairman of the board.