Western Michigan University. Photo: CC BY-SA 3.0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:WMUCampus2.jpg)
Career
Gallery of Alec Gores
General Motors. Photo: Bohao Zhao, CC BY 3.0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:GM_Renaissance_Center_-_H%C3%B4tel_le_plus_haut_en_Am%C3%A9rique_du_Nord_-_panoramio.jpg)
General Motors. Photo: Bohao Zhao, CC BY 3.0, via Wikimedia Commons (https://commons.wikimedia.org/wiki/File:GM_Renaissance_Center_-_H%C3%B4tel_le_plus_haut_en_Am%C3%A9rique_du_Nord_-_panoramio.jpg)
Alec Gores is an American businessman, financier, and investor who founded Executive Business Systems in 1978 and The Gores Group in 1987. His career developed from technology entrepreneurship into private-equity investing, corporate acquisitions, operational turnarounds, and sponsorship of special-purpose acquisition companies.
Background
Gores was born in 1953 in Nazareth, Israel. His family moved to Flint, Michigan, in November 1968, when he was fifteen, and his father operated a grocery store after the family’s arrival in the United States. Gores was the oldest of six children and worked in the store during his youth.
He was raised in Flint and attended Genesee High School in Genesee, Michigan. The family’s move placed his adolescence within the industrial and manufacturing environment of mid-twentieth-century Michigan, where Flint was closely associated with the automobile industry and General Motors.
Education
Gores attended Genesee High School in Genesee, Michigan, before studying computer science at Western Michigan University. He earned his degree in 1977.
Western Michigan University, founded in 1903 in Kalamazoo, developed as a public institution serving southwestern Michigan and expanded during the twentieth century into a comprehensive university. Its computer-science education provided Gores with the technical background that preceded his entry into computer sales and business software.
Gores began his professional life as a computer programmer at General Motors. He soon moved from corporate employment into entrepreneurship, using financing from his father to establish Executive Business Systems in 1978. The Michigan company developed and distributed vertical business-software systems and computer equipment; within seven years it employed more than 200 people and had become a major value-added reseller in the state. CONTEL acquired the business in 1986.
After selling Executive Business Systems, Gores began acquiring and operating non-core and underperforming businesses for corporate and investment purposes. In 1987 he founded The Gores Group, a private-equity firm built around acquiring controlling interests in mature and growing companies and working with their management teams.
Under Gores's leadership, The Gores Group pursued technology, telecommunications, industrial, healthcare, media, entertainment, and business-services investments. Its transactions included the carve-out of businesses such as The Learning Company and Connection Machines, and the firm states that it has completed more than 125 acquisitions since its founding.
From the mid-2010s onward, Gores also became a prominent sponsor of special-purpose acquisition companies. Gores-affiliated vehicles supported combinations involving companies including Hostess Brands, Verra Mobility, United Wholesale Mortgage, Luminar Technologies, Ardagh Metal Packaging, Matterport, and Polestar. He remains the founder, chairman, and chief executive officer of The Gores Group and lives in the Los Angeles area.
Gores founded Executive Business Systems in 1978 with personal and family financing, building the Michigan computer and business-software company into a value-added reseller that employed more than 200 people before its acquisition by CONTEL in 1986.
He founded The Gores Group in 1987 and developed it into a private-equity platform specializing in acquisitions, corporate carve-outs, operational improvement, and partnerships with management teams.
Through The Gores Group and affiliated investment vehicles, Gores led or sponsored acquisitions and business combinations across technology, telecommunications, industrial, healthcare, media, entertainment, and consumer sectors, including several public-market combinations arranged through special-purpose acquisition companies.
Religion
Gores is a Roman Catholic. Roman Catholicism is the largest tradition within Christianity and is organized around the sacramental life of the Church, the authority of its bishops, and continuity with the apostolic tradition.
Views
Gores has expressed support for the American ideal of opportunity, emphasizing hard work, adaptation to American society, and respect for one's cultural roots. His business philosophy has centered on acquiring companies with operational potential, working with management, and creating value through active ownership rather than treating acquisitions as purely financial transactions.
Personality
Gores has described himself as an entrepreneur who prefers rapid decision-making and hard work to a conventional eight-to-five position. Colleagues and business profiles have characterized his approach as operational and management-focused rather than centered exclusively on financial engineering.
Connections
Gores is the brother of Tom Gores, founder of Platinum Equity, and Sam Gores, chairman of Paradigm Talent Agency. The brothers are members of an immigrant family that moved from Israel to Michigan in 1968.
Brother:
Tom Gores
Founder and chairman of Platinum Equity and owner of the Detroit Pistons.
Brother:
Sam Gores
Chairman of Paradigm Talent Agency.
References
Alec Gores — The Gores Group
Documents Gores's role as founder, chairman, and chief executive officer of The Gores Group, his founding of Executive Business Systems, the 1986 CONTEL acquisition, his Western Michigan University degree, and the firm's acquisition history.
The Gores Group — Our History
Provides the corporate history of Executive Business Systems and The Gores Group, including the firm's founding in 1987 and selected acquisitions and carve-outs.
Western News: HCOB Distinguished Speaker
Identifies Gores as a Western Michigan University alumnus who earned a computer-science degree in 1977 and founded a company specializing in acquisitions of underperforming technology businesses.
2004
Biographical sketches of certain GTG professionals
Provides a professional biography documenting the founding and sale of Executive Business Systems, the creation of The Gores Group, and Gores's education and investment activities.