Gores Group Adds to Holdings

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Los Angeles-based private equity firm Gores Group LLC has purchased Romulus, Mich.-based logistics company United Road Services Inc.


United Road Services, which is a portfolio company of the New York-based middle market private equity firm Charterhouse Group, posted $195 million in sales last year. Its primary business is moving vehicles from assembly plants and distribution centers to final delivery destinations.


Gores Group LLC was founded in 1987 and invests in technology, telecommunications, business services and industrial companies. It is headed by billionaire buyout specialist Alec Gores.


Century City-based investment bank Houlihan Lokey Howard & Zukin Inc. facilitated the transaction, the company said Monday.

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Howard Fine
Howard Fine is a 23-year veteran of the Los Angeles Business Journal. He covers stories pertaining to healthcare, biomedicine, energy, engineering, construction, and infrastructure. He has won several awards, including Best Body of Work for a single reporter from the Alliance of Area Business Publishers and Distinguished Journalist of the Year from the Society of Professional Journalists.

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