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 an 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
2022 – Transaction: Polestar

Gores Guggenheim completes business combination with Polestar, global premium EV company
2022 – Transaction: Sonder

Gores Metropoulos II completes business combination with Sonder, a leading next-generation hospitality company
2021 – Transaction: Ardagh

Gores Holdings V completes business combination with Ardagh Metal Packaging, a global leader in the supply of sustainable and infinitely-recyclable beverage cans
2021 – Transaction: Matterport

Gores Holdings VI completes business combination with Matterport, the spatial data company leading the digital transformation of the built world
2021 – Gores Guggenheim, Inc.

$800 million raised for Gores Guggenheim
2021 – Gores Technology Partners II, Inc.

$460 million raised for Gores Technology Partners II
2021 – Gores Technology Partners, Inc.

$275 million raised for Gores Technology Partners
2021 – Gores Holdings VIII, Inc.

$345 million raised for Gores Holdings VIII
2021 – Gores Holdings VII, Inc.

$550 million raised for Gores Holdings VII
2021 – Transaction: UWM

Gores Holdings IV completes business combination with United Wholesale Mortgage, the #1 wholesale mortgage lender in the U.S., resulting in the largest SPAC business combination to date
2020 – Gores Holdings VI, Inc.

$345 million raised for Gores Holdings VI
2020 – Transaction: Luminar

Gores Metropoulos completes business combination with Luminar, global leader in automotive lidar hardware and software technology
2020 – Gores Holdings V, Inc.

$525 million raised for Gores Holdings V
2020 – Transaction: PAE

Gores Holdings III, Inc. completes $1.6bn acquisition of PAE, leading provider of mission-critical services to the U.S. government and armed forces
2020 – Gores Holdings IV, Inc.

$425 million raised for Gores Holdings IV
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
