Tom Gores, Chairman & CEO at Platinum Equity (2024)

Tom Gores, Chairman & CEO at Platinum Equity (4)

Tom Gores, Chairman & CEO at Platinum Equity (5)

Tom Gores, Chairman & CEO at Platinum Equity (6)

Los Angeles

360 N. Crescent Dr.Beverly Hills, CA 90210

« M&A

Chairman & CEO

Tom Gores founded Platinum Equity in 1995 and his guidance, core philosophies, and strong principles drive the strategic development and direction of both the firm and its portfolio.Early in his career, Mr. Gores was an active investor in smaller businesses, where companies often trade principally on their good word and ability to follow through on what they promise. Here he developed his principles of empowerment, hard work, and integrity. As he delivered on commitments made to deal partners, investment bankers, and lenders, Mr. Gores ability to continually execute larger transactions grew exponentially and made Platinum Equity one of the premiere private equity firms in the world, recognized as one of Forbes "Largest Private Companies" within just 4 years of being founded.

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    Believing that a team of outstanding people could meet almost any challenge, Mr. Gores began selecting the best and brightest he came in contact with to join him. The result is the Partners and Principals who lead Platinum Equity today. Strong relationships, trust in people, and open communication remain key to Mr. Gores and Platinum Equity’s momentum.

    When it comes to his business, Mr. Gores applies philosophies of swift and thorough diligence, sound acquisitions, effective management, and driving value through honest, intelligent operational improvement rather than financial engineering. M&A&O®, his pioneering vision of combining traditional M&A with operational insight, was the direct result of the combination of these philosophies.

    Top business publications have recognized Platinum Equity as one of the most important private companies in America, ranking 22nd on the 2015 Forbes list of America’s Largest Private Companies and #5 on the 2013 Los Angeles Business Journal list of LA’s Largest Private Equity Companies. Mr. Gores appears on both the Forbes list of the World’s Billionaires as well as the Forbes list of Richest Americans, and is among the youngest individuals ever to appear on either.

    Mr. Gores was born in 1964 and resides primarily in Beverly Hills with his wife and children. When not serving in his role as Chairman and CEO of Platinum Equity, Mr. Gores is on either a soccer field or a basketball court coaching youth teams, applying the same principles of hard work and inspiration that he does to his business. Mr. Gores holds a Bachelor of Science degree from Michigan State University.

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    Platinum Equity Portfolio

    The Platinum Equity portfolio consists of an industry-diverse, multi-billion-dollar group of approximately 40 operational complex businesses.

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      Tom Gores, Chairman & CEO at Platinum Equity (2024)

      FAQs

      Tom Gores, Chairman & CEO at Platinum Equity? ›

      Tom Gores founded Platinum Equity in 1995 to acquire and create value in a diverse range of businesses. Platinum Equity is a global private equity firm that specializes in mergers, acquisitions, and operations of companies that provide mission-critical products, services, and solutions in diverse industries.

      Who is the CEO of Platinum Equity? ›

      Tom Gores, Chairman & CEO at Platinum Equity.

      How did Tom Gores make his money? ›

      The billionaire, with a $9.1 billion net worth according to Forbes, made his fortune in private equity. Gores formed his firm Platinum Equity Capital in 1995.

      What is the net worth of Tom Gores? ›

      How much did Tom Gores pay for the Pistons? ›

      In 2011, Gores paid $325 million for the Pistons, who are now worth $3 billion (ranking 23rd out of the NBA's 30 franchises), according to Forbes. While Gores admitted that blame for the losing streak must fall on him “at some level,” he pushed back on selling the franchise.

      What is the reputation of Platinum Equity? ›

      Platinum Equity Reviews FAQs

      Platinum Equity has an overall rating of 3.7 out of 5, based on over 24 reviews left anonymously by employees. 52% of employees would recommend working at Platinum Equity to a friend and 62% have a positive outlook for the business. This rating has decreased by 2% over the last 12 months.

      Who owns Platinum Equity Partners? ›

      Tom Gores
      NationalityAmerican
      Alma materMichigan State University
      Occupation(s)Chairman and CEO of Platinum Equity LLC Owner of Palace Sports and Entertainment
      SpouseHolly Gores
      4 more rows

      Is Platinum Equity a good company? ›

      Platinum Equity is ranked #13 on the Best Companies to Work For in Beverly Hills, CA list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

      What does Tom Gores own? ›

      Tom Gores is owner of the Detroit Pistons and Chairman and CEO of global investment firm Platinum Equity.

      What does Platinum Equity do? ›

      We specialize in private equity and other alternative strategies, investing on behalf of institutional investors around the world. We generate returns by investing in companies across a wide range of industries that need financial and operational support to unlock their full potential.

      Who is the wealthiest person in the world? ›

      Rich
      • Bernard Arnault, CEO of LVMH, the world's leading luxury goods company, continues to dominate as the world's wealthiest individual as of May 1, 2024. ...
      • Bernard Arnault. ...
      • Elon Musk. ...
      • Jeff Bezos. ...
      • Mark Zuckerberg. ...
      • Larry Ellison. ...
      • Larry Page. ...
      • Warren Buffett.
      4 days ago

      Who is the owner of The Gores Group? ›

      Alec Gores is the Founder, Chairman and Chief Executive Officer of The Gores Group, a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base.

      Who are the richest NBA owners? ›

      • #1. Steve Ballmer. Team: Los Angeles Clippers. ...
      • #2. Rob Walton & family. Team: Denver Broncos. ...
      • #3. Miriam Adelson & family. Team: Dallas Mavericks. ...
      • #4. François Pinault & family. Team: Stade Rennais F.C. ...
      • #5. Daniel Gilbert. Team: Cleveland Cavaliers. ...
      • #6. David Tepper. ...
      • #7. Steve Cohen. ...
      • #8. Stanley Kroenke.
      Apr 5, 2024

      Does Platinum Equity own the Pistons? ›

      “Some of the kids don't have a hoop at home so they come here, play basketball, meet new friends and it's a good thing we have this.” West was one of the assistant coaches at the basketball camp sponsored by Platinum Equity Founder Tom Gores, who is also the owner of the Detroit Pistons.

      What is the cheapest NBA team to buy? ›

      The Memphis Grizzlies were the least valuable franchise in the National Basketball Association in the 2022/23 season. In that season, the NBA franchise was worth an estimated 2.4 billion U.S. dollars.

      Who is the founder of Platinum private equity? ›

      Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995, headquartered in Beverly Hills, California. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.

      How many employees does Platinum Equity have? ›

      Platinum Equity portfolio companies employ approximately 190,000 people around the world in a broad range of industries. We work closely with management teams to drive transformative programs that create real value for our companies and the customers and communities they serve.

      Who did Platinum Equity buy McGraw Hill from? ›

      Platinum Equity to Acquire McGraw Hill from Apollo Funds for $4.5 Billion.

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