Middleton backs new venture to grow SMEs

Newcastle and London-based Middleton Enterprises is backing a new North East investment initiative aimed at acquiring and growing established regional businesses.

Alpro Capital, founded by investor David Alprovich, who is chief operating officer at Middleton Enterprises, will target profitable small and medium-sized enterprises with EBITDA between £250,000 and £750,000. 

David says the firm plans to invest in existing teams, maintain well-known brands and support businesses to reach their next stage of growth.

He adds that the venture will focus on helping businesses navigate succession, scale operations and strengthen their market positions, while retaining the value and expertise of existing teams.

David, who brings 16 years of experience at Middleton Enterprises, where he has worked with founders across sectors and invested in companies including OneGym Fitness, HBB Solutions, D-Line and OneUtilityBill, 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 is backing Alpro Capital with funding, strategic guidance and operational support as it identifies acquisition opportunities across the North East. 

Jeremy Middleton, chief executive of Middleton Enterprises, added: “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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