Wed, 29 Oct 2025 | BUSINESS NEWS
Alpro Capital, a new company aiming to acquire and grow profitable SMEs based in the North East, has been launched by experienced investor David Alprovich. The Houghton-le-Spring-based venture has secured support from Newcastle’s Middleton Enterprises.
The business will focus on acquiring profitable SMEs in the region, with EBITDA in the £250,000-£750,000 range. The venture aims to invest in and grow these companies by supporting their existing teams, retaining established brands and enabling them to target the next stage of their development.
Alpro Capital Managing Director David Alprovich (pictured above, right, with Middleton Enterprises CEO Jeremy Middleton) has been with Middleton Enterprises for 16 years, working with founders across an array of industries and making dozens of investments.
Commenting on the new venture, Mr Alprovich 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.”
Middleton Enterprises, which was founded in Newcastle in 2000 and also has offices in London, will provide funding, strategic support and guidance for Alpro Capital as it seeks acquisition opportunities across the region and works with business owners on succession and growth plans.
Middleton Enterprises CEO Jeremy Middleton commented: “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.”
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