A series of air-stable zinc complexes (1–3) supported by (benzimidazolyl)pyridine alcohol ligands {tridentate [N,N,O]} has been synthesized and well characterized by FT-IR, 1H and 13C NMR, elemental analysis and single-crystal X-ray diffraction analysis. In combination with methyllithium, these zinc complexes were proved to be highly efficient initiators for the ring-opening polymerization (ROP) of ε-caprolactone (ε-CL). The ROP of ε-CL in the absence or presence of benzyl alcohol, as well as the influences of monomer concentration, reaction temperature and the substituent on the ligand, were investigated in detail.