Zyloware Joins Forces with CenterGate Capital for New Growth Chapter
Deal News | Dec 04, 2024 | CenterGate Capital LP
CenterGate Capital, a private equity firm based in Austin, Texas, has announced a strategic partnership with Zyloware Corporation, a leading provider of eyewear frames. Zyloware, headquartered in Port Chester, New York, boasts a 101-year history in the eyewear industry, excelling in product design, marketing, quality assurance, and more. Under the continued leadership of Co-CEOs Jamie and Chris Shyer, Zyloware aims to leverage CenterGate Capital's expertise to fuel future growth and innovation. The investment underscores CenterGate's strategy of supporting lower-middle-market companies with flexible capital and strategic guidance. Legal representation for CenterGate was provided by Akerman LLP, while Ernst and Young Capital Advisors, LLC advised Zyloware.
Sectors
- Eyewear Manufacturing
- Private Equity
- Investment Advisory
Geography
- United States – The location of both CenterGate Capital, based in Austin, Texas, and Zyloware, headquartered in Port Chester, New York.
Industry
- Eyewear Manufacturing – This industry involves the production and design of eyewear products, which Zyloware operates in as a leading provider of eyewear frames.
- Private Equity – This sector includes activities related to private equity investments and management, which is CenterGate Capital's focus.
- Investment Advisory – This includes financial advisory roles in transactions, as demonstrated by Ernst and Young Capital Advisors' involvement.
Financials
- $750 million – The amount of capital managed by CenterGate Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CenterGate Capital | Private Equity Firm | Company | An Austin-based private equity firm managing over $750 million, focusing on lower middle market companies. |
| Zyloware Corporation | Target Company | Company | A leading provider of eyewear frames established in 1923, based in Port Chester, New York. |
| Jamie Shyer | Co-CEO of Zyloware | Person | Co-CEO of Zyloware, leading the company alongside Chris Shyer. |
| Chris Shyer | Co-CEO of Zyloware | Person | Co-CEO of Zyloware, leading the company alongside Jamie Shyer. |
| Michael Smith | Managing Director at CenterGate Capital | Person | Managing Director at CenterGate Capital, involved in the partnership with Zyloware. |
| Akerman LLP | Legal Advisor | Company | Provided legal representation to CenterGate Capital for the transaction. |
| Ernst and Young Capital Advisors, LLC | Financial Advisor | Company | Served as exclusive financial advisor to Zyloware in the transaction. |