Next Level Apparel Enters Recapitalization Deal With Private Equity Firm Blue Point Capital Partners

Blue Point Capital Partners, in partnership with management, announced today the recapitalization of Next Level Apparel, Gardena, Calif.

“Next Level is an established platform operating in the rapidly growing fashion basics category with significant avenues for future growth," said Jeff Robich, a principal with Blue Point. "The company’s leading position, strong relationships and brand reputation with the 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.”

Next Level Apparel was founded in 2003 and is headquartered in Gardena, California. The company’s products are sold blank and marketed under the Next Level brand. Its product offering includes T-shirts, tanks, hoodies and jackets.

“Blue Point knows the apparel sector extremely well and we are excited for what is to come in our partnership,” said Joe Simsoly, founder and CEO of Next Level Apparel. “Blue Point’s strategic approach and resources will help further develop and diversify our ability to provide quality, fashionable apparel to our customers.”

Blue Point also partnered with Spector & Co. in April for its recapitalization.

“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,” said Chip Chaikin, a partner with Blue Point. “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.”

The completion of Next Level marks the first platform investment for Blue Point IV, the firm’s fourth middle-market buyout fund. Blue Point IV maintains the same strategic initiatives and focus as its predecessor fund, Blue Point III. The firm continues to identify opportunities, such as Next Level Apparel, where applying its tools such as Asian Strategies, Data & Digital Strategies and M&A can strongly impact a company’s growth.

For more information on Next Level Apparel, visit www.nextlevelapparel.com.