First Street is thrilled to be a part of the below acquisition. First Street was brought in by Zampell to value Custodial Partners and ultimately find the right strategic buyer. Congratulations to both parties in making this a smooth transaction and wishing all the best of success going forward.
PRESS RELEASE: NEXT-GEN SUPPLY GROUP, INC. ACQUIRES CUSTODIAL PARTNERS LLC
Mansfield, MA & Newburyport, MA— October 6, 2021 — Today, Next-Gen Supply Group, Inc. (“Next-Gen”) announced that it has acquired Custodial Partners LLC (“CP”) for an undisclosed sum. Custodial Partners, based on the North Shore of Massachusetts, has a loyal local following as well as several national clients. Founded by the Zampell Companies in 1998, CP delivers critical supplies to ensure organizations maintain the highest levels of operational sanitation.
Brian Zampell, CEO of CP remarked, “Most importantly I’d like to thank all of our employees for all their great work over the years, our customers for their loyalty to our service, and our vendors for all of their support. It’s bittersweet, but we’re happy to see Custodial Partners continue with a larger organization focused on their industry where our clients can be served for many years to come.”
Michael Glass, Principal of Next-Gen, added: “CP’s exceptional relationships, industry experience, and purpose driven approach to its customer base provides a unique opportunity to expand. We are eager to grow our geographic footprint in Massachusetts and the surrounding areas. By enhancing sales and operational resources, Next-Gen will provide the necessary expertise to develop new opportunities and provide continued support for CP’s existing relationships.” Custodial Partners’ current customers will see an increased level of service and have access to the increased product and service portfolio Next-Gen has to offer.
Next-Gen was formed in 2019 as a merger between M.D. Stetson and Supreme Industrial Products with the goal of offering the most value-added solutions to the New England market. For more information on Next-Gen, please visit our website at https://www.nextgensupply.com/.