Alec Gores
Alec E. Gores is an American billionaire businessman, who made his fortune through leveraged buyouts of technology firms at the firm Gores Group.
- In 1987, Alec Gores founded private equity firm The Gores Group. It has made more than 120 transactions and had $900 million in assets in March 2019.
- Gores and his younger brother Tom, also a billionaire, immigrated to America from Israel with their parents and four other siblings in 1968.
- The brothers worked together at the beginning of their careers but went their separate ways in 1995 and have occasionally competed for buyout deals.
- Gores founded tech firm Executive Business Systems in 1978 and used the proceeds from selling that company to launch his private equity career.
- In July 2016 he bought a piece of Twinkie-maker Hostess Brands, which went public three months later. Gores has since sold the majority of his stake.
