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EC Harris plans to raise up to 拢350m by floating the partnership on the stock exchange to fund its growth plans.

The decision to float at least 60% of the 拢310m-turnover firm was voted through unanimously at the weekend by its 188 equity partners. The plan is to list when the company hits turnover of between 拢400m and 拢500m.

It will achieve this first growth phase through acquisition, and while it is not known how much the listing would then raise, this year鈥檚 profit of 拢40m and a top-end multiple of 14x would value it at 拢560m. If profit rises in line with turnover, the warchest raised by floating 60% of the firm could be up to 拢350m.

The plan to float the 3,000-strong firm, which is likely to happen in 2013, comes in the week that fellow consultant Scott Wilson has become the subject of a bidding war between the two US consulting giants URS and CH2M Hill. It also comes as 好色先生TV understands US firm Aecom is closing in on its takeover deal for Davis Langdon.

But Philip Youell, EC Harris chief executive, said he would not choose to be acquired: 鈥淎fter a strategic review we realised we needed to build the business quickly and that growth cannot be sustained by partner capital. We have been approached by intermediaries about the possibility of a sale to one of the big US engineers but don鈥檛 believe it is appropriate. We want to be a leader in our own right and earn fee-based revenue rather than as part of a bigger group that gets income as a cut of client spend.鈥�

EC Harris plans to hit turnover of $1bn - Youell says the dollar figure shows its global ambition - in about four years and the need to grow is being driven by increasingly large projects in what he calls the 鈥渟hifting socio-political landscape鈥�.

He said: 鈥淭here is a demand for the rebuilding of infrastructure around the world. That investment, even in these weak economic circumstances, will continue due to the need to create the right fiscal environment for recovery and the underlying demand of nations.鈥� He cited the high-speed rail link and Crossrail in the UK as examples, as well major infrastructure projects such as ports and airports in Hong Kong and Vietnam. Youell plans to increase staff to 5,000 by 2013 to cope with this demand.

In order to hit a turnover figure of 拢400-500m, it will fund the acquisition of other companies through partner capital and bank debt, with the focus on North America and Asia. When listed, the debt will be wiped out and the plan is to begin life on the stock market in a net cash position.

It plans to add expertise in areas such as oil and gas, energy and transportation and add services such as developing asset performance, programme delivery and sustainability capability.