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:

TIMELINE OF SIGNIFICANT EVENTS

2022 – Transaction: Polestar

2022 – Transaction: Polestar

Gores Guggenheim completes business combination with Polestar, global premium EV company

2022 – Transaction: Sonder

2022 – Transaction: Sonder

Gores Metropoulos II completes business combination with Sonder, a leading next-generation hospitality company

2021 – Transaction: Ardagh

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

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.

2021 – Gores Guggenheim, Inc.

$800 million raised for Gores Guggenheim

2021 – Gores Technology Partners II, Inc.

2021 – Gores Technology Partners II, Inc.

$460 million raised for Gores Technology Partners II

2021 – Gores Technology Partners, Inc.

2021 – Gores Technology Partners, Inc.

$275 million raised for Gores Technology Partners

2021 – Gores Holdings VIII, Inc.

2021 – Gores Holdings VIII, Inc.

$345 million raised for Gores Holdings VIII

2021 – Gores Holdings VII, Inc.

2021 – Gores Holdings VII, Inc.

$550 million raised for Gores Holdings VII

2021 – Transaction: UWM

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.

2020 – Gores Holdings VI, Inc.

$345 million raised for Gores Holdings VI

2020 – Transaction: Luminar

2020 – Transaction: Luminar

Gores Metropoulos completes business combination with Luminar, global leader in automotive lidar hardware and software technology

2020 – Gores Holdings V, Inc.

2020 – Gores Holdings V, Inc.

$525 million raised for Gores Holdings V

2020 – Transaction: PAE

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.

2020 – Gores Holdings IV, Inc.

$425 million raised for Gores Holdings IV

2019 – Gores Metropoulos, Inc.: $400 Million Raised

2019 – Gores Metropoulos, Inc.: $400 Million Raised

2018 – Acquisition: Verra Mobility

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.

2018 – Gores Holdings III, Inc.

$400 million raised for Gores Holdings III

2018 – Private Investment Office Launches

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.

2017 – Gores Holdings II, Inc.

$400 million raised for Gores Holdings II

2016 – Acquisition: Hostess

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

2016 – Sold: Etrali

Gores’ first Gores Small Capitalization Fund exit

2016 – USF Asia Expansion

2016 – USF Asia Expansion

US Farathane expands into Asia with Boston Plastics acquisition

2015 – IPO: Gores Holdings, Inc.

2015 – IPO: Gores Holdings, Inc.

Gores Holdings, Inc. completes $375mm IPO

2015 – Sold: Therakos

2015 – Sold: Therakos

Sold Therakos to Mallinckrodt in Gores’ largest transaction to date

2014 – Sold: Sage Automotive Interiors

2014 – Sold: Sage Automotive Interiors

Sold Sage Automotive Interiors; first significant exit in GCP III

2013 – IPO: Stock Building Supply

2013 – IPO: Stock Building Supply

Stock Building Supply goes public, marking Gores’ first U.S. IPO

2012 – Gores Small Cap: $300 Million Raised

2012 – Gores Small Cap: $300 Million Raised

Raised $300 million in connection with debut small capitalization fund

2011 – Sold: Lineage Power

2011 – Sold: Lineage Power

Sold Lineage Power to GE following successful carve-out / turnaround

2011 – GCP III: $2.1 Billion Raised

2011 – GCP III: $2.1 Billion Raised

Gores closes on $2.1 billion in capital commitments for its third institutional fund

2010 – Sold: Vincotech

2010 – Sold: Vincotech

Vincotech sold to Mitsubishi Electric, further demonstrating Gores’ global reach

2008 – Joint Venture: Siemens AG

2008 – Joint Venture: Siemens AG

Entered into JV with Siemens AG, further establishing Gores’ reputation in Europe

2007 – GCP II: $1.3 Billion Raised

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

2004 – GCP I: $400 Million Raised

Raised $400 million for first institutional fund, GCP I

2003 – Acquisition: Anker

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

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

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

1997 – Carve Out: Connection Machines

Gores carves out the Connection Machines business unit from Thinking Machines Corporation

1997 – Carve Out: Artemis

1997 – Carve Out: Artemis

Gores acquires Artemis, a subsidiary of Computer Sciences Corporation (NYSE: CSC)

1987 – The Gores Group Founded

1987 – The Gores Group Founded

The Gores Group is founded by Alec Gores with the single vision: to buy, fix and sell businesses

Note: The Gores Group, founded over 35 years ago has completed 125+ acquisitions. Gores is a well-known industry name which has been profiled in various media publications and broadcasts over the years.