In 1987, Alec Gores founded private equity firm The Gores Group. It has made more than 120 transactions and had $900 million in assets in March 2019. Gores founded tech firm Executive Business Systems in 1978 and used the proceeds from selling that company to launch his private equity career. In July 2016 he bought a piece of Twinkie-maker Hostess Brands, which went public three months later. Gores has since sold the majority of his stake.