Syracuse Glass Co. and Lineage Capital formed a partnership. The Dwyer family will retain a significant ownership stake in Syracuse Glass, and John Dwyer will continue to serve as CEO/president and chairman of the board of directors.
“I am so proud of what our team has accomplished over the years, and I am excited by what our partnership with Lineage holds for the future,” says Dwyer. “Already, Lineage and its network of resources have evaluated our processes and made recommendations that will help us as we strive to be the best supplier to our customers, bar none! The core values and culture of SGC and Lineage are very closely aligned. I look forward to this next chapter in the Syracuse Glass Company success story!”
Founded in 2003, Lineage is a Boston-based private equity firm that invests exclusively in owner-managed and family-controlled businesses in the middle market. According to the company, Lineage’s partnership approach allows owners to realize current value in their business today and gain a value-added financial partner to help facilitate their company’s future growth and success while retaining board control.