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
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
Alec Gores, Founder and CEO
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:
TIMELINE OF SIGNIFICANT EVENTS
2022 – Transaction: Polestar
Gores Guggenheim completes business combination with Polestar, global premium EV company
2021 – CNBC Squawk Box Interview: Mark Stone and RJ Pittman
Matterport CEO on going public through SPAC deal with Gores Group
2021 – CNBC Squawk Box Interview: Alec Gores and Paul Coulson
Alec Gores and Ardagh CEO on how their SPAC deal is structured
2021 – CNBC Squawk on the Street Interview: Alec Gores and Mat Ishbia
United Wholesale Mortgage CEO Mat Ishbia on Wall Street debut
2020 – CNBC Squawk Alley Interview: Alec Gores and Mat Ishbia
United Wholesale Mortgage and Gores Holdings on the deal to go public via SPAC
2020 – CNBC Squawk Box Interview: Alec Gores and Austin Russell
Tech company Luminar set to go public through SPAC
2018 – Acquisition: Verra Mobility
Gores Holdings II, Inc. completes the acquisition of Verra Mobility, the leading provider of tech-enabled smart transportation solutions
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
2014 – Sold: Sage Automotive Interiors
Sold Sage Automotive Interiors; first significant exit in GCP III
2012 – Gores Small Cap: $300 Million Raised
Raised $300 million in connection with debut small capitalization fund
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
