limited liability company industry financial services asset management founded 1987 founder alec gores chairman & ceo headquarters los angeles california united states products private equity total assets 3.7 billion website www.gores.com the gores group is a global private equity firm specializing in acquiring and partnering with mature and growing businesses . the company was founded by its ceo and chairman alec e. gores . headquartered in los angeles california with offices in london and boulder colorado the firm claimed to have approximately 3.7 billion in assets under management on december 31 2013 1 and is investing from gores capital partners iii l.p. and gores small capitalization partners l.p. which have approximately 2.1 billion and 300 million in capital commitments respectively . since 1987 gores has successfully acquired and operated more than 80 companies worldwide . 1 the company s current portfolio as of 2015 includes technology telecommunications business services industrial healthcare media & entertainment and consumer products companies . 1 contents 1 history 1.1 timeline 2 recognition 3 representative transactions 4 portfolio 5 references 6 external links history edit 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 . 2 gores closed its first institutional private equity fund gores capital partners l.p. in november 2003 with 400 million of committed capital . 3 the firm s second fund gores capital partners ii l.p. held a final closing in june 2007 with 1.3 billion of committed capital . 4 timeline edit 1978 alec gores launches his own computer company executive business system ebs with 10 000 ; eight years later he sells ebs for approximately 2 million current . 5 1987 the gores group is founded by alec gores with the single vision to buy fix and sell businesses . 6 1997 gores acquires artemis a subsidiary of computer sciences corporation nyse csc . 7 gores completes its purchase of the connection machines business unit from thinking machines corporation . 8 1998 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 . 9 2000 gores carves out the learning company from mattel and achieves an operating profit in the first 75 days of ownership . 10 2003 netherlands based anker bv an independent european supplier of point of sale solutions is acquired positioning gores as an investor in european assets . 11 the firm launches gores capital partners its first private equity fund ; to date when the combined gores private equity funds have raised over 4 billion in committed capital . 5 2004 gores opens its london office after several years of investment activity in the u.k. and europe . 5 2007 gores closes on 1.3 billion in capital for its second institutional fund gores capital partners ii l.p. 12 2008 gores announces joint venture partnership with siemens ag for enterprise communication business . 13 2010 sale of gcp ii owned vincotech to mitsubishi electric demonstrates gores global reach . 14 2011 gores sells lineage power to general electric in what is the largest sale transaction in gores history . 15 gores closes on 2.1 billion in capital commitments for its third institutional fund gores capital partners iii l.p. 16 gores acquires an 81.25 % majority interest in fashion company mexx for 85 million 2012 gores small capitalization partners l.p. sells 300 million in commitments expanding gores resources for small and lower middle market investments . 17 acquires harris broadcast from harris corporation in december . 18 2013 stock building supply goes public marking gores first u.s. ipo . 19 2014 gores announces plans to close 34 subsidiaries of 45 in total located in germany and being part of unify . close downs are expected to be completed by q2 2015 . on december 4 2014 three holding companies of mexx were declared bankrupt by the district court of amsterdam . on december 5 2014 a judge in the netherlands declared 315 mexx stores which serves worldwide including 95 locations in canada bankrupt . the stores are expected to remain open while the chain sells off merchandise . in april gores acquires a 51 % stake in hovis bread recognition edit on december 17 2013 at the 12th annual m & a advisor awards gala the gores group was named winner of the m & a deal of the year for transactions 500 million to 1 billion in size for the acquisition of stock building supply . gores acquired the company from wolseley plc in may 2009 and priced a successful ipo in august 2013 . 20 on september 26 2013 cosmo specialty fibers was awarded the chain of custody certification by the programme for the endorsement of forest certification . this certification recognizes cosmo specialty fibers for using wood fiber sourced through sustainable forestry practices . 21 on august 29 2013 in celebration of the recent initial public offering of its stock stock building supply s ceo jeff rea rang the opening bell of the new york stock exchange . 22 on august 20 2013 siemens enterprise communications announced that it has been named as a leader in the 2013 magic quadrant for unified communications uc by gartner inc. gartner evaluates a company based on its completeness of vision based on current and future market direction innovation customer needs and competitive forces and how well these map to gartner s overall evaluation of the market . 23 on july 17 2013 entarasys networks a siemens enterprise communications company was ranked fourth in overall market share among leading ethernet edge switch vendors by the dell oro group s 1q13 enterprise edge report . dell oro group surveyed 30 wireless lan and 30 ethernet switch equipment vendors for this report . 24 on may 27 2013 ford motor company announced that it is working with gores portfolio company sage automotive interiors to accelerate the development of recycled fabrics . sage is ford s largest fabric supplier in north america and provides ford with fabric made from industrial waste and clear plastic water bottles . the 2013 ford fusion is the first vehicle sold around the world to use recycled fabrics . 25 on october 1 2012 the gores group received private equity international s award for operational excellence in the tmt sector for lineage power . pei s operational excellence awards recognize and highlight the achievements in the industry . 26 on june 19 2011 the gores group won the global m & a network s atlas award for turnaround deal of the year for their acquisition of national envelope corporation . 27 on december 13 2011 the gores group was named the winner of the middle market deal of the year award 50 100 million for their acquisition of cosmo specialty fibers at the 10th annual m & a advisor awards . the gores group was selected from 389 nominations and over 500 participating companies to receive this award . 28 representative transactions edit january 27 2014 the gores group announced that is has reached a conditional agreement with premier foods to operate its bread business as a stand alone venture under the name of hovis limited in order to increase operational efficiencies and grow the hovis brand . 29 august 14 2013 stock building supply holdings inc. nasdaq stck announced that it has closed its previously announced underwritten initial public offering of 7 000 000 shares of common stock at the price to the public of 14.00 per share . the underwriters exercised in their full option to purchase an additional 1 050 000 shares of common stock from certain selling stockholders resulting in a total initial public offering size of 8 050 000 shares . 30 july 30 2013 gores portfolio company the hay group announced that it had entered into an agreement to acquire metallumform an integrated manufacturer of forged machined automotive components with two plants in germany . terms of the transaction were not disclosed . 31 january 2 2013 the gores group announced that it had completed the acquisition of therakos inc. from ortho clinical diagnostics inc. 32 december 14 2012 charles bank capital partners announced that it acquired united road services from the gores group for an undisclosed amount . kathleen mccann president and ceo will continue to lead the company . 33 october 15 2012 the gores group announced that it extended a binding offer to acquire therakos inc. from ortho clinical diagnostics inc. therakos is company developing products for extracorporeal photopheresis ecp immune modulation therapy . the terms of the transaction were not disclosed . 34 august 17 2011 the carlyle group announced that it had completed the acquisition of french based sagemcom a global high technology group specializing in broadband communications and energy activities from the gores group . carlyle said in a statement it now owned 70 percent of sagemcom while the company s management and employees had the remaining 30 percent . sagemcom has more than 6 000 employees globally and posted sales of 1.4 billion euros in 2010 . 35 may 9 2011 the gores group announced that it partnered with management to acquire sage automotive interiors inc. a supplier of specialty fabric materials for the automotive industry a portfolio company of azalea capital llc . 36 january 13 2011 general electric co. agreed to buy lineage power holdings inc. for 520 million from the gores group . lineage supplies equipment that converts power to direct current from alternating current as well as power module and data center systems in the 20 billion micro power source industry . 37 portfolio edit this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . april 2013 learn how and when to remove this template message alpheus astadia big strike compudyne cosmo specialty fibers inc dmn elo touch solutions etrali fotona gatesair glotel hay imagine communications j. mendel melle dachbaustoffe gmbh meridian mexx millennium1 solutions norment security group inc real software belgium sage automotive interiors scovill stock building supply the clark group inc. therakos inc. tiburon unify formerly siemens enterprise communication zmags references edit a b c overview . the gores group . retrieved april 9 2013 . fixer upper pro loves a challenge . docstoc.com . manta rediscover america s small business . manta . alec gores 100 % devoted to private equity fortune february 16 2011 a b c company website www.gores.com the gores group company overview of the gores group llc bloomberg business week gores technology group acquires csc artemis aecnews archived march 1 1997 gores technology group acquires connection machines services business unit the gores group april 16 1997 gores acquires ti cim unit software intensive systems engineering june 15 1998 learning co. profits from expense cuts sf gate march 6 2001 gores technology group announces the acquisition of anker b.v. pr newswire february 27 2003 gores fund is looking to close smaller deals los angeles times june 28 2007 the gores group and siemens ag complete transaction bloomberg october 1 2008 gores group completes sale of vinotech pe hub january 5 2011 ge energy to acquire gores group s lineage power holdings bloomberg january 13 2011 the gores group closes 2 billion private equity fund cpi financial the gores group debuts new fund . harris corporation . harris corporation to sell broadcast communications to the gores group for 225 million . stock building supply files to go public . triangle business journal . 18 june 2013 . m & a advisor press release cosmo specialty fibers awarded pefc chain of custody certification newstalk kbkw . nasdaq marketsite event . siemens enterprise communications positioned as a leader in 2013 magic quadrant for unified communications . marketwatch . latest news headlines nasdaq.com . nasdaq.com . joann muller 27 may 2013 . ford s global