August 21, 2017 12:55 AM ET

Capital Markets

Company Overview of The Gores Group LLC

Company Overview

The Gores Group LLC is a private equity firm specializing in acquisitions of mature, and growing businesses. The firm seeks to invest in middle market companies, divestitures from larger corporate parents, leveraged buyouts, and buyouts of standalone businesses. The firm also specializes in merger and acquisitions and turnarounds. The firm specializes in acquiring businesses that are undergoing change in capital structure, strategy, operations or growth. The firm does not make early stage and venture stage investments. It invests in underperforming and undervalued non-core businesses typically those encountering strategic, operational, financial, or organizational challenges. It invests in t...

9800 Wilshire Boulevard

Beverly Hills, CA 90212

United States

Founded in 1987

Phone:

310-209-3010

Fax:

310-209-3310

Key Executives for The Gores Group LLC

Founder, Chief Executive Officer, and Chairman
Age: 64
MD, Chief Financial Officer, and Office of the Chairman
MD and Head of IR, Marketing and Firm Strategy
Executive Vice President of Marketing and Origination
Senior Managing Director and President of Mergers and Acquisitions
Age: 63
Compensation as of Fiscal Year 2017.

The Gores Group LLC Key Developments

The Gores Group Announces Management Appointments

The Gores Group's Gores Small Capitalization Partners unit has completed the acquisition of Triumph Group Inc.'s US APU MRO business: Triumph Air Repair and Triumph Engines. The completion of transaction for the Auxiliary Power Unit Overhaul Operations of Triumph Aviation Services Asia is expected to close in March. The combined businesses have been rebranded as TurbineAero Inc. As part of the formation of TurbineAero, Rob Higby has joined the company as chief executive officer. Rob Wilson, Dom Schiano and John Janitz (former senior executives from Honeywell, Textron, and TRW) have joined the board of directors and will provide strategic guidance to the business.

Gores Group Capitalization Eyes Acquisitions

Gores Group is looking for acquisition opportunities. Triumph Group, Inc. and The Gores Group LLC, an affiliate of The Gores Group announced the definitive agreement to acquire Triumph Air Repair, the Auxiliary Power Unit (APU) Overhaul Operations of Triumph Aviation Services – Asia, Ltd. and Triumph Engines - Tempe. “We are very excited to start this new chapter with Triumph’s Engines and APU businesses,” said Jon Gimbel, Managing Director of The Gores Group. “The combined company will continue to provide its customers with high quality service and unparalleled technical expertise. This acquisition creates a strong global platform, and we look forward to partnering with management to help position the business as a standalone entity and accelerate its growth, both organically and through acquisitions.”

Gores Mulls Acquisitions

The Gores Group LLC is seeking acquisitions. The Gores Group announced the definitive agreement to acquire Triumph Air Repair. Jon Gimbel, Managing Director of The Gores Group, said, "The combined company will continue to provide its customers with high quality service and unparalleled technical expertise. This acquisition creates a strong global platform, and we look forward to partnering with management to help position the business as a standalone entity and accelerate its growth, both organically and through acquisitions."

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