Gores Group accesses military expertise

Billionaire Alec Gores’ private equity firm has joined up with The Four Star Group, which counts five former generals among its principals, to pursue investments in military-related sectors.

The Gores Group has partnered with The Four Star Group to pursue acquisitions in the aerospace, defense and homeland security sectors.

The Four Star Group is a firm comprised of former US military officers and investment professionals geared towards leveraging the industry expertise and relationships of its principals to generate acquisition opportunities and secure equity investments in security-related sectors.

The firm is headed by chairman and chief executive William Patton who has served as an advisor to the Gores Group since 2004. Patton was previously a member of the office of the president of Unisys, a company which secures business operations. He was also chairman of Unisys’s federal systems group.

Patton is joined by former UBS managing director Matthew Spain and five retired generals from the Air Force and Air National Guard.

The Four Star Group will participate on the boards of directors of present and future Gores Group portfolio companies. The group provided counsel in the Los Angeles-based private equity firm’s acquisitions of satellite and wireless network company Gilat Network Systems and public security product provider CompuDyne.

CompuDyne was the firm's first and only investment to date in the security sector.

The Gores Group, led by billionaire Alec Gores, is focussed on acquiring controlling interests in mature companies, primarily in the technology, industrial, telecommunications and services sectors. The firm closed its second fund on $1.3 billion June 2007.

Alec Gores’ brother, Tom Gores, also runs a private equity firm in Los Angeles, Platinum Equity.