Blue Point Capital Partners and its portfolio company Next Level Apparel (NLA) announce the acquisition of Germany-based Stedman, a designer, manufacturer, and supplier of premium casual and blank sportswear for the printwear industry.
Since 1953, Stedman has produced clothing across men’s, women’s, and youth apparel. With a distribution center in Ghent, Belgium — and a market presence in over 40 countries — Stedman’s international foundation will serve as a critical accelerant to NLA’s strategic geographic expansion in Europe.
“The team at Stedman is excited to join ranks with Next Level Apparel, a strong partner and the perfect match, thanks to numerous synergistic qualities and values across both companies,” says Stedman General Manager Marcel Schweigert. “This partnership opens up new growth opportunities for everyone involved, and I am personally thrilled to be part of it, not only as a stakeholder but also as a shareholder.”
Founded in 2003, NLA is a leading designer, manufacturer, and supplier of premium blank apparel for the printwear, retail, brand specialty, and other decorated apparel markets.
“The Stedman team has built a strong brand and a culture of excellence, and we’re excited to have them join Next Level Apparel,” says NLA CEO Randy Hales. “This partnership presents a great opportunity to expand and diversify both organizations’ footprints across Europe and the U.S.”
Blue Point Principal Evan Cottington states, “Not only is this an exciting milestone for all involved, but it also further validates our belief in M&A and geographic expansion as key drivers for the business’s strategic growth.”
Jones Day served as Blue Point’s legal advisor for the transaction.