Our History
A History of The Gores Group
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 brand. The distinctive history of the firm has shaped our ability to create value in situations characterized by complexity and operational opportunities. Here are a few of the milestones in our history:

Alec Gores, Founder and CEO
TIMELINE OF SIGNIFICANT EVENTS
2019 – Gores Metropoulos, Inc.: $400 Million Raised

2018 – Acquisition: Verra Mobility

Gores Holdings II, Inc. completes the acquisition of Verra Mobility, the leading provider of tech-enabled smart transportation solutions
2018 – Gores Holdings III, Inc.

$400 million raised for Gores Holdings III
2018 – Private Investment Office Launches

Addition of the Gores Private Investment Office to the Gores platform – primarily investing capital on behalf of the Gores family and like-minded co-investors
2017 – Gores Holdings II, Inc.

$400 million raised for Gores Holdings II
2016 – Acquisition: Hostess

Gores Holdings, Inc. completes $2.5bn acquisition of Hostess Brands from Apollo Global Management and Metropoulos & Co., raising additional $350mm PIPE
2016 – Sold: Etrali

Gores’ first Gores Small Capitalization Fund exit
2016 – USF Asia Expansion

US Farathane expands into Asia with Boston Plastics acquisition
2015 – IPO: Gores Holdings, Inc.

Gores Holdings, Inc. completes $375mm IPO
2015 – Sold: Therakos

Sold Therakos to Mallinckrodt in Gores’ largest transaction to date
2014 – Sold: Sage Automotive Interiors

Sold Sage Automotive Interiors; first significant exit in GCP III
2013 – IPO: Stock Building Supply

Stock Building Supply goes public, marking Gores’ first U.S. IPO
2012 – Gores Small Cap: $300 Million Raised

Raised $300 million in connection with debut small capitalization fund
2011 – Sold: Lineage Power

Sold Lineage Power to GE following successful carve-out / turnaround
2011 – GCP III: $2.1 Billion Raised

Gores closes on $2.1 billion in capital commitments for its third institutional fund
2010 – Sold: Vincotech

Vincotech sold to Mitsubishi Electric, further demonstrating Gores’ global reach
2008 – Joint Venture: Siemens AG

Entered into JV with Siemens AG, further establishing Gores’ reputation in Europe
2007 – GCP II: $1.3 Billion Raised

Gores closes on $1.3 billion in capital for its second institutional fund
2004 – GCP I: $400 Million Raised

Raised $400 million for first institutional fund, GCP I
2003 – Acquisition: Anker

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
2000 – Carve Out: The Learning Company

Gores carves out The Learning Company from Mattel and achieves an operating profit in the first 75 days of ownership
1998 – Carve Out: Adventa

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
1997 – Carve Out: Connection Machines

Gores carves out the Connection Machines business unit from Thinking Machines Corporation
1997 – Carve Out: Artemis

Gores acquires Artemis, a subsidiary of Computer Sciences Corporation (NYSE: CSC)
1987 – The Gores Group Founded
