In 1978, Alec Gores founded Executive Business Systems, a hardware and software distributor, which he sold eight years later to establish what has become The Gores Group today. Since 1987, The Gores Group has grown and evolved into a leading investment firm and established financial brand. The distinctive history of the firm has shaped our ability to create value in situations characterized by complexity and operational challenges. Here are a few of the milestones in our history.
- Closed Hovis deal, JV with Premier Foods
- Gores sells Lineage Power to General Electric in what is the largest sale transaction in Gores’ history
- Gores closes on $2.1 billion in capital commitments for its third institutional fund, Gores Capital Partners III, L.P.
- Sale of GCP II-owned Vincotech to Mitsubishi Electric demonstrates Gores’ global reach
- Gores announces joint venture partnership with Siemens AG for enterprise communication business
- Gores opens its London office, after several years of investment activity in the U.K. and Europe
- Netherlands-based Anker BV, an independent European supplier of point of sale solutions, is acquired, firmly positioning Gores as one of the most credible investors in European assets
- The firm launches Gores Capital Partners, its first private equity fund; to date, the combined Gores private equity funds have raised over $4 billion in committed capital
- Gores carves out The Learning Company from Mattel and achieves an operating profit in the first 75 days of ownership
- Gores carves out certain assets of the Computer Integrated Manufacturing (CIM) organization of Texas Instruments (NYSE:TXN); the portfolio company is later named Adventa Control Technologies
- Gores acquires Artemis, a subsidiary of Computer Sciences Corporation (NYSE: CSC)
- Gores completes its purchase of the Connection Machines business unit from Thinking Machines Corporation
- The Gores Group is founded by Alec Gores with the single vision to buy, fix and sell businesses
- Alec Gores launches his own computer company, Executive Business System (EBS), with $10,000; eight years later, he sells EBS for approximately $2 million