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
2021 – CNBC Squawk Box Interview: Mark Stone and RJ Pittman
2021 – CNBC Squawk Box Interview: Alec Gores and Paul Coulson
2021 – CNBC Squawk on the Street Interview: Alec Gores and Mat Ishbia
2020 – CNBC Squawk Alley Interview: Alec Gores and Mat Ishbia
2020 – CNBC Squawk Box Interview: Alec Gores and Austin Russell
2018 – Acquisition: Verra Mobility
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
2012 – Gores Small Cap: $300 Million Raised
2011 – GCP III: $2.1 Billion Raised
2010 – Sold: Vincotech
2008 – Joint Venture: Siemens AG
2007 – GCP II: $1.3 Billion Raised
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
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: Artemis
1987 – The Gores Group Founded
