The Gores Group is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores. Headquartered in Los Angeles, California, with an office in Boulder, Colorado, and is investing from Gores Capital Partners III, L.P. and Gores Small Capitalization Partners, L.P., which have approximately $1.5 billion and $300 million in capital commitments, respectively. Since 1987, Gores has successfully acquired and operated more than 80 companies. The company's portfolio as of 2021, includes technology, telecommunications, business services, industrial, media and entertainment and consumer products companies. History 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. Gores closed its first institutional private equity fund, Gores Capital Partners, L.P., in November 2003 with $400 million of committed capital. 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. Timeline 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. 1987 The Gores Group is founded by Alec Gores with the single vision to buy, fix and sell businesses. 1997 Gores acquires Artemis, a subsidiary of Computer Sciences Corporation (NYSE: CSC). Gores completes its purchase of the Connection Machines business unit from Thinking Machines Corporation. 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. 2000 Gores carves out The Learning Company and Mattel Interactive from Mattel and achieves an operating profit in the first 75 days of ownership. 2001 Gores acquires VeriFone from Hewlett Packard Company. 2003 Netherlands-based Anker BV, an independent European supplier of point of sale technology, was acquired, positioning Gores as an investor in Europe. The firm launches Gores Capital Partners, its first private equity fund. 2004 Gores opens its London office, after several years of investment activity in the U.K. and Europe. 2007 Gores closed on $1.3 billion in capital for its second institutional fund, Gores Capital Partners II, L.P. 2008 Gores announced a joint venture with Siemens AG for enterprise communication business. 2010 Sale of GCP II-owned Vincotech to Mitsubishi Electric demonstrates Gores’ global reach. 2011 Gores sells Lineage