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 Alec Gores](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/03/Alec-Gores-300x360.png)
Alec Gores, Founder and CEO
TIMELINE OF SIGNIFICANT EVENTS
2022 – Transaction: Polestar
![2022 – Transaction: Polestar](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2022/06/Polestar-Lineup-e1656032100137.png?time=1720657393)
2021 – CNBC Squawk Box Interview: Mark Stone and RJ Pittman
![2021 – CNBC Squawk Box Interview: Mark Stone and RJ Pittman](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2021/02/Matterport-CNBC-Graphic-e1612805314721.jpg?time=1720657393)
2021 – CNBC Squawk Box Interview: Alec Gores and Paul Coulson
![2021 – CNBC Squawk Box Interview: Alec Gores and Paul Coulson](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2021/02/CNBC-Ardagh-Pic-e1614118831276.png?time=1720657393)
2021 – CNBC Squawk on the Street Interview: Alec Gores and Mat Ishbia
![2021 – CNBC Squawk on the Street Interview: Alec Gores and Mat Ishbia](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2021/01/UWM-Interview-First-on-CNBC-e1611333770754.png?time=1720657393)
2020 – CNBC Squawk Alley Interview: Alec Gores and Mat Ishbia
![2020 – CNBC Squawk Alley Interview: Alec Gores and Mat Ishbia](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2020/09/CNBC-UWM-Graphic.png?time=1720657393)
2020 – CNBC Squawk Box Interview: Alec Gores and Austin Russell
![2020 – CNBC Squawk Box Interview: Alec Gores and Austin Russell](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2020/08/CNBC-Graphic-e1598271086931.jpg?time=1720657393)
2018 – Acquisition: Verra Mobility
![2018 – Acquisition: Verra Mobility](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/Verra-Image-e1540919723575.png?time=1720657393)
2018 – Private Investment Office Launches
![2018 – Private Investment Office Launches](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/03/qtq80-6S32Q5.jpeg?time=1720657393)
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
![2014 – Sold: Sage Automotive Interiors](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-SiNG0L.jpeg?time=1720657393)
2012 – Gores Small Cap: $300 Million Raised
![2012 – Gores Small Cap: $300 Million Raised](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-2RYGcY.jpeg?time=1720657393)
2011 – GCP III: $2.1 Billion Raised
![2011 – GCP III: $2.1 Billion Raised](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-unvq3O.jpeg?time=1720657393)
2010 – Sold: Vincotech
![2010 – Sold: Vincotech](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/qtq80-obtxw9.jpeg?time=1720657393)
2008 – Joint Venture: Siemens AG
![2008 – Joint Venture: Siemens AG](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-Eq1rkj.jpeg?time=1720657393)
2007 – GCP II: $1.3 Billion Raised
![2007 – GCP II: $1.3 Billion Raised](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-r35Rab.jpeg?time=1720657393)
2004 – GCP I: $400 Million Raised
![2004 – GCP I: $400 Million Raised](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2017/05/qtq80-3x9acz-e1531519055895.jpeg?time=1720657393)
Raised $400 million for first institutional fund, GCP I
2003 – Acquisition: Anker
![2003 – Acquisition: Anker](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/Anker-Graphic.jpg?time=1720657393)
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](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/10/Floppy-e1540858348805.jpg?time=1720657393)
1998 – Carve Out: Adventa
![1998 – Carve Out: Adventa](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/qtq80-XeLkN1.jpeg?time=1720657393)
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](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/Connection-Machines.jpeg?time=1720657393)
1997 – Carve Out: Artemis
![1997 – Carve Out: Artemis](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2018/06/qtq80-o4quxZ.jpeg?time=1720657393)
1987 – The Gores Group Founded
![1987 – The Gores Group Founded](https://ed983d.a2cdn1.secureserver.net/wp-content/uploads/2016/04/MG_0135-Edit-2-e1500424613874.jpg?time=1720657393)