Zyloware Celebrates 101 Years of Excellence with New Growth Initiative Welcoming CenterGate Capital as Majority Partner
Zyloware Eyewear, the longest-running family-owned optical company in the U.S., proudly announces that CenterGate Capital has acquired a majority stake in the 101-year-old business. This strategic partnership marks a pivotal moment in Zyloware’s history, setting the stage for transformative growth and innovation while honoring its enduring legacy. Continued Shyer family ownership preserves the company’s legacy and ensures its DNA carries forward into the future.
As a third-generation family business, Zyloware has established itself as a trusted name in eyewear, celebrated for quality, style, and exceptional service. Partnering with CenterGate Capital, a firm recognized for driving growth and operational excellence, will empower Zyloware to expand its market presence and offerings without compromising its core values.
Co-CEO Jamie Shyer remarked, “I am proud of our company’s century-long commitment to the optical industry. With a foundation of quality, creative design, and exceptional customer service, we look forward to continuing our legacy for many years to come.”
Founded in 1923, Zyloware has been a cornerstone of the optical community, providing expert support and serving generations of customers. This partnership with CenterGate combines Zyloware’s storied heritage with cutting-edge resources, positioning the company for sustained growth and success.
Co-CEO Christopher Shyer added, “This is a tremendous milestone for our company. Our partnership with CenterGate will enhance opportunities for our employees, customers, and business partners as we embark on this new exciting chapter.”
CenterGate Capital shares Zyloware’s dedication to its founding principles and will help fuel its evolution. The new partnership will support advancements in technology, product innovation, and market expansion, ensuring Zyloware remains a leader in the optical industry for decades to come.
“We are honored to partner with Zyloware and the Shyer family to build on their impressive legacy,” said Michael Smith, Managing Director at CenterGate Capital. “We look forward to working together to drive growth and create new opportunities.”
Zyloware collaborated with Ernst & Young Capital Advisors to successfully facilitate its strategic partnership with CenterGate Capital.
Zyloware will continue to operate under its trusted name and retain its experienced team, ensuring a seamless transition for employees and customers as it moves confidently into the future.
For more information, contact Jackie Janiec, VP Marketing Zyloware Email: jjaniec@zyloware.com /Phone: 914.708.1200 ext. 395
About CenterGate Capital CenterGate Capital (“CenterGate”) is a private equity firm managing over $750 million, focused on growing lower middle market companies with the goal of partnering with management to create value for all stakeholders. CenterGate possesses flexible capital, which enables the tailoring of each investment to a company’s ownership goals and growth strategies. Transactions are structured to enable owners to monetize their equity while also positioning the company for future growth. For more information, visit www.centergatecapital.com
About Ernst & Young Capital Advisors Ernst & Young Capital Advisors, LLC (EYCA), which assisted Zyloware, offers investment banking services through industry-dedicated teams with a focus on the middle market. EYCA leverages EY’s global network of investment banking professionals to deliver insightful, objective and strategic deal advice on M&A, debt and equity capital market transactions. For more information, visit www.ey.com/en_us