Headquartered in Warrington, Inprova offers outsourcing, technology and consultancy services, providing its clients with a complete procurement solutions package.
LDC first backed the business in March 2014 to help fuel its ambitious growth strategy. Over the subsequent four years the team worked closely with CEO Paul Kennedy and his management team to truly transform the business into a multi-disciplinary group.
This included a buy and build strategy that saw Inprova acquire five complementary energy businesses and launch a bespoke division, Inprova Energy, in 2015. The move created one of the top ten business energy procurement and management consultancies in the UK.
Over the same period, LDC helped the business to expand internationally and launch in the US, in addition to diversifying its offer from a sole focus on the public sector to both public and private sector work. Together this enabled Inprova to expand its headcount by 100 per cent to 70 people and treble revenues to £15.3m for the financial year ending 30 June 2018.
LDC completed the sale of Inprova Group in two separate deals. In December 2018, AIM-listed Inspired Energy plc acquired Inprova’s energy division, with the existing management team acquiring the non-energy procurement business upon completion.
Put simply, our business is a world away from where it was four years ago. With the strategic support, guidance and flexibility of the team at LDC we've successfully evolved from a public sector procurement business that worked predominantly in the North West to a multi-disciplinary group that now operates internationally.Paul Kennedy, CEO, Inprova Group