We are thrilled to announce our support for a new venture, Alpro Capital, founded by experienced investor and Middleton Enterprises COO, David Alprovich, The aim of Alpro Capital is to acquire and grow established small and medium-sized enterprises (SMEs) across the North East of England.
This venture will focus on acquiring profitable businesses with EBITDA in the range of £250,000 to £750,000. The strategy is to invest in and grow these businesses by supporting existing teams, retaining well-established brands, and helping them reach the next stage of development.
David brings 16 years of experience at Middleton Enterprises, during which he has made dozens of investments and worked closely with founders across a wide range of sectors. His track record includes involvement with our portfolio businesses such as OneGym Fitness, HBB Solutions, D-Line and OneUtilityBill.
David Alprovich, Managing Director of Alpro Capital, said:
“There are many great businesses hidden away in business parks across the North East, businesses that have been built up by entrepreneurs over many years. Often, these owners don’t have a succession or exit plan, having been fully focused on running their business. We want to provide them with an exit opportunity while acting as a good custodian of the companies they’ve built.”
Jeremy Middleton, CEO of Middleton Enterprises, said:
“We are delighted to back David in this new venture. Over the years, he has demonstrated real skill in working with entrepreneurs to grow their businesses. Succession planning is a challenge for many SME owners, and Alpro Capital offers a responsible and practical solution that ensures the businesses they’ve built can continue to thrive.”
Middleton Enterprises will provide funding, strategic support, and guidance to Alpro Capital as it identifies acquisition opportunities and works alongside business owners through succession and growth.
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