Tom Gores

Tom Gores's Title

Tom Gores serves as the Chairman and CEO of Platinum Equity, a leading private equity firm. His leadership is characterized by a strategic vision and a commitment to the firm’s core principles. In this role, Gores is responsible for overseeing the company’s operations, driving growth, and ensuring the firm’s investments align with its long-term objectives. His position as CEO underscores his pivotal role in shaping the firm’s direction and maintaining its competitive edge in the private equity landscape.

Tom Gores's Company

Tom Gores founded Platinum Equity, a global private equity firm specializing in mergers, acquisitions, and operations of companies across diverse industries. Since its inception, Platinum Equity has completed over 300 acquisitions, demonstrating a robust track record of transforming underperforming companies into profitable ventures. The firm's success is attributed to its unique M&A&O® strategy, which integrates mergers and acquisitions with operational effectiveness. Under Gores’s leadership, Platinum Equity has grown into a powerhouse, managing a multi-billion dollar portfolio and earning a reputation for its hands-on approach to value creation.

Tom Gores's Vision for Platinum Equity

Tom Gores distilled his vision for Platinum Equity into 16 guiding principles, which serve as the firm’s foundation for decision-making and operational excellence. These principles emphasize accountability, integrity, and a relentless pursuit of value creation. They guide the firm’s approach to investments, ensuring that every acquisition is aligned with Platinum Equity’s long-term goals. By adhering to these principles, Gores has fostered a culture of excellence and innovation, enabling the firm to consistently deliver exceptional results for its investors and stakeholders.

Tom Gores's Purchase of Palace Sports and Entertainment

In 2011, Tom Gores made a significant investment by purchasing Palace Sports and Entertainment, which included the NBA franchise Detroit Pistons. This acquisition marked a notable expansion into the sports and entertainment industry, reflecting Gores’s strategic diversification approach. Under his ownership, the Pistons have seen substantial investments in both team development and community engagement. Gores’s commitment to revitalizing the franchise and enhancing the fan experience underscores his broader vision of leveraging sports as a platform for community impact and economic growth.