Tom Gores, Chairman and CEO of Platinum Equity, autographs a fan's shirt at a Detroit Pistons game

Building a Business Without Limits

About Tom Gores

 

Tom Gores founded Platinum Equity in 1995 and his guidance, core philosophies, and strong principles drive the strategic development and direction of both Platinum and its portfolio.

Tom Gores Early Career

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 execute larger and larger transactions grew exponentially, making Platinum Equity one of the premiere private equity firms in the world, being recognized as one of Forbes “Largest Private Companies” within just 4 years of its founding.

Building a Business Without Limits

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. This top echelon of Platinum’s executive corps averages 12 years of tenure with the 17-year-old firm. Strong relationships, trust in people, and open communication remain key to Tom’s and Platinum’s momentum.

Business Strategy

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.

Recognition

Top business publications have recognized Platinum as one of the most important private companies in America, most recently ranking 27th on the 2010 Forbes list of America’s Largest Private Companies, #1 on the 2010 Los Angeles Business Journal list of LA’s Largest Private Companies, and #5 on the 2010 LABJ 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. He was named 2009 M&A Pro of the Year by Mergers & Acquisitions magazine. Download the article (pdf).

Personal Life

Currently 49 years old, Mr. Gores resides in Beverly Hills with his wife and children. When not serving in his role as Chairman and CEO of Platinum, Tom 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. He also maintains active interests in the arts, serving on the Los Angeles County Museum of Art’s Board of Trustees and pursuing interests in music. Mr. Gores holds a Bachelor of Science degree from Michigan State University.


“You can't control
the market. You can control your company.”