Gardena, California-headquartered supplier Next Level Apparel, Inc. (PPAI 272027), a designer and supplier of premium quality casual apparel within the fashion basics industry, has recapitalized with Blue Point Capital Partners, in partnership with management.
“Blue Point knows the apparel sector extremely well and we are excited for what is to come in our partnership,” says Joe Simsoly, founder and CEO of Next Level. “Blue Point’s strategic approach and resources will help further develop and diversify our ability to provide quality, fashionable apparel to our customers.”
Next Level was founded in 2003, and its products are sold blank and marketed under the Next Level brand.
Jeff Robich, a principal with Blue Point, says, “Next Level is an established platform operating in the rapidly growing fashion basics category with significant avenues for future growth. The company’s leading position, strong relationships and brand reputation with major distributors and decorators makes this a great opportunity for Blue Point to be a value-added partner and help facilitate the Company’s continued growth.”
Chip Chaikin, a partner with Blue Point, adds, “Next Level is an excellent opportunity to partner with an experienced management team and acquire a leader in the fashion basics segment of the promotional products industry. The company serves a diverse and fragmented market, and with Blue Point’s extensive toolkit of operational, M&A, e-commerce and digital marketing expertise, we certainly look forward to a highly rewarding partnership.”
