Manufacturing group Epwin, which has operations in Scunthorpe, has announced plans to float on the Alternative Investment Market.
The PVC-U window maker hopes to raise £94m. Advisers at Zeus Capital said Epwin will be valued at £135m.
Epwin said it will use the proceeds to pay down debt to free up cash for increased investment, possible acquisitions and shareholder returns.
Jon Bednall, chief executive, said: “Epwin was one of the first entrants into the PVC-U window market in the mid 1970s. Since then the group has broadened its product offering significantly, both organically and through acquisition, and grown market share.
“Today we believe there is potential for further organic growth in all business areas as well as opportunities to drive further sector consolidation and operational efficiencies.”
Epwin is a vertically integrated manufacturer of extrusions, mouldings and fabricated building products.
The Cheltenham-based group, which employs more than 2,300 staff, reported revenues of £264m in the year to December 2013 and core earnings of £21m.
It operates from six major facilities in Telford, Tamworth, Macclesfield, Newton Abbot, Northampton and Scunthorpe, where it employs around 150 people.
Peter Mottershead, who is chairman of technology companies P2i and i2O Water, will join as non-executive chairman.
Also joining the board as non-executive director is Andrew Eastgate who was a partner at law firm Pinsent Masons.