Gores, who founded his private equity firm in 1995, owns the Detroit Pistons pro hoops franchise. A Michigan native, Gores and his wife, Holly, have three children and reside in Beverly Hills.

Tom Gores' Platinum Equity grapples with $1B prison phone business debt March 20, 2024 01:46 PM Billionaire Tom Gores' Platinum Equity firm may have found a solution for its struggling prison ...

Private equity billionaire Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers for $750 million, valuing the team at $4 billion. This represents a discount of over 30% from ...

TOM GORES. Founder, Chairman and CEO. Platinum Equity. SPECIALTY: Industry agnostic — deal value range: $100 million – $5 billion (enterprise value) ...

Alec and Tom Gores are both the founders of their own firms: Alec leads The Gores Group, while Tom is the CEO of Platinum Equity. The pair are also the owners of two of the largest homes in Los ...

Activists have been pressuring Tom Gores ever since his private equity firm bought one of the nation’s largest prison phone companies. They have lobbied legislators, tried to squelch investments ...

Detroit Pistons owner Tom Gores had a 51% stake in the team. Now he has a 100% stake. Gores has bought the remaining 49% from his firm, Platinum Equity, according to firm partner Mark Barnhill.

Pistons owner Tom Gores purchases stake in NFL team. September 27, 2024. by Grey Papke. Read . ... Gores made his money in private equity, so this is clearly an investment on his part.

Tom Gores’ private equity firm would replace a century-old home just outside the Golden Triangle. Platinum Equity wants to bulldoze a century-old home in Beverly Hills to build 10 apartments.

Platinum, the private equity firm run by Detroit Pistons basketball team owner Tom Gores, agreed to pay C$32.50 in cash per share, a 28% premium to Wednesday’s closing price.

Private equity honcho Tom Gores closed his purchase of the Detroit Pistons basketball team Wednesday. “I am very excited at the opportunity to lead this great franchise into the future,” Gores ...