Zyloware Celebrates 101 Years of Excellence with New Growth Initiative Welcoming CenterGate Capital as Majority Partner

Friday, December 6 2024 | 14 h 44 min | News

Zyloware Eyewear 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. We look forward to working together to drive growth and create new opportunities.”

Michael Smith, Managing Director, CenterGate Capital

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.

Click HERE for the press release.

Want to see more like this article? Click here to subscribe to our FREE print magazines and e-newsletters!