Indianapolis investment firm E&A Industries has acquired a fast-growing New York apparel firm specializing in body-slimming fashions, the companies announced Tuesday.
Lyssé, a three-year old company that makes a hot-selling line of leggings, was purchased for an undisclosed amount.
The apparel firm has roughly 10 employees and brought in about $4 million in revenue in 2012.
Beth Gold Cohen, a former merchandise manager for Macy’s, founded Lyssé and will stay with the firm as a partner and chief creative officer.
Cohen developed the idea for her shapewear after gaining weight while battling breast cancer.
E&A’s involvement will help the company expand its product line beyond leggings and accelerate growth through increased domestic and international distribution.
The company is known for buying specialty companies in the $2 million to $20 million revenue range and helping them grow. Its previous holdings include Udi's Healthy Foods, Car Brite and Gilchrest & Soames.
E&A’s principals include Al Hubbard, a former economic policy advisor to President George W. Bush.