Investments
25Portfolio Exits
11Funds
1Partners & Customers
10About Gordon Brothers
Gordon Brothers is a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors. Gordon Brothers delivers valuation, disposition, operational and investment services worldwide on a multi-asset basis. The company was founded in 1903 and is based in Boston, Massachusetts.
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Latest Gordon Brothers News
Sep 19, 2023
Women’s apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy and announced plans to close all 44 of its stores. The company’s remaining assets have been acquired by Coldwater Creek under the ownership of Newtimes Group, which plans to continue to sell Soft Surroundings' apparel and accessories online and via catalogs. Soft Surroundings has secured $18 million in debtor-in-possession financing from liquidation consultancy Gordon Brothers to enable business continuity. Total Retail's Take: Soft Surroundings' closed dozens of stores in recent years, reducing its physical footprint by 25 locations last year alone. "Over the past year, we've taken significant steps to fortify our financial standing including rightsizing our business to better match current market conditions," commented Executive Chair Bridgit Lombard in a company press release . The brand continued to face pressures stemming from the strains placed on retailers during the COVID-19 pandemic, inflation and more. Now, Coldwater Creek aims to turn Soft Surroundings into a direct-to-consumer e-commerce brand. The two lifestyle brands sell similar products to similar demographics, and although longtime business rivals, should be complementary going forward. "We're welcoming this next step to financially secure a bright future for Soft Surroundings. This will allow us to adapt, restructure and emerge more resilient, ensuring the longevity of the beloved Soft Surroundings brand for our customers and partners," stated Lombard.
Gordon Brothers Investments
25 Investments
Gordon Brothers has made 25 investments. Their latest investment was in Allstar Innovations as part of their Line of Credit on July 7, 2023.
Gordon Brothers Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
7/28/2023 | Line of Credit | Allstar Innovations | $6M | Yes | 1 | |
4/5/2023 | Loan - II | Modus | $6.23M | Yes | 3 | |
9/21/2022 | Line of Credit | Academy Bus | $72.5M | Yes | 2 | |
9/15/2022 | Loan | |||||
8/16/2022 | Loan |
Date | 7/28/2023 | 4/5/2023 | 9/21/2022 | 9/15/2022 | 8/16/2022 |
|---|---|---|---|---|---|
Round | Line of Credit | Loan - II | Line of Credit | Loan | Loan |
Company | Allstar Innovations | Modus | Academy Bus | ||
Amount | $6M | $6.23M | $72.5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 2 |
Gordon Brothers Portfolio Exits
11 Portfolio Exits
Gordon Brothers has 11 portfolio exits. Their latest portfolio exit was Brooks Brothers on August 27, 2020.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/27/2020 | Acquired | 1 | |||
4/17/2020 | Acquired - II | 1 | |||
4/17/2020 | Acquired | 2 | |||
Date | 8/27/2020 | 4/17/2020 | 4/17/2020 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired - II | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 2 |
Gordon Brothers Acquisitions
26 Acquisitions
Gordon Brothers acquired 26 companies. Their latest acquisition was Durkin Group on September 12, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/12/2023 | Acquired | 2 | ||||
8/14/2023 | Acquired | 1 | ||||
8/3/2023 | Corporate Majority | 1 | ||||
5/2/2023 | ||||||
8/3/2022 |
Date | 9/12/2023 | 8/14/2023 | 8/3/2023 | 5/2/2023 | 8/3/2022 |
|---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acquired | Corporate Majority | ||
Sources | 2 | 1 | 1 |
Gordon Brothers Fund History
1 Fund History
Gordon Brothers has 1 fund, including 1903 Equity Fund LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2006 | 1903 Equity Fund LP | Buyouts & Acquisitions | Closed | $320M | 1 |
Closing Date | 12/31/2006 |
|---|---|
Fund | 1903 Equity Fund LP |
Fund Type | Buyouts & Acquisitions |
Status | Closed |
Amount | $320M |
Sources | 1 |
Gordon Brothers Partners & Customers
10 Partners and customers
Gordon Brothers has 10 strategic partners and customers. Gordon Brothers recently partnered with TAGeX Brands on October 10, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/10/2022 | Partner | United States | Gordon Brothers & TAGeX Brands Form Strategic Alliance to Support Food Service Industry Gordon Brothers and TAGeX Brands , one of the nation 's largest liquidation resources for restaurants , food service operators , supermarkets and convenience stores , have formed a strategic alliance to provide comprehensive real estate and equipment services to support the food service industry , including the purchase of surplus equipment and real estate . | 1 | |
9/22/2022 | Partner | United States | Gordon Brothers Partners with Zaralo to Expand Nicole Miller. `` Our partnership with Zaralo will drive further growth of the already highly successful Nicole Miller enterprise and allow the brand to continue to reach consumers globally , '' said Carolyn D'Angelo , Managing Director , Brands at Gordon Brothers who oversees Nicole Miller . | 2 | |
4/13/2022 | Distributor | United States | Gordon Brothers Partners with IMG to Expand Laura Ashley Glo... The brand 's multi-year partnership with IMG will create new Laura Ashley apparel , footwear , accessories , beauty , homeware items and hospitality offerings through carefully selected licensing and retail partnerships and collaborations . | 1 | |
4/13/2022 | Partner | ||||
3/7/2022 | Supplier |
Date | 10/10/2022 | 9/22/2022 | 4/13/2022 | 4/13/2022 | 3/7/2022 |
|---|---|---|---|---|---|
Type | Partner | Partner | Distributor | Partner | Supplier |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | Gordon Brothers & TAGeX Brands Form Strategic Alliance to Support Food Service Industry Gordon Brothers and TAGeX Brands , one of the nation 's largest liquidation resources for restaurants , food service operators , supermarkets and convenience stores , have formed a strategic alliance to provide comprehensive real estate and equipment services to support the food service industry , including the purchase of surplus equipment and real estate . | Gordon Brothers Partners with Zaralo to Expand Nicole Miller. `` Our partnership with Zaralo will drive further growth of the already highly successful Nicole Miller enterprise and allow the brand to continue to reach consumers globally , '' said Carolyn D'Angelo , Managing Director , Brands at Gordon Brothers who oversees Nicole Miller . | Gordon Brothers Partners with IMG to Expand Laura Ashley Glo... The brand 's multi-year partnership with IMG will create new Laura Ashley apparel , footwear , accessories , beauty , homeware items and hospitality offerings through carefully selected licensing and retail partnerships and collaborations . | ||
Sources | 1 | 2 | 1 |
Gordon Brothers Team
15 Team Members
Gordon Brothers has 15 team members, including current Chief Executive Officer, Kenneth S Frieze.
Name | Work History | Title | Status |
|---|---|---|---|
Kenneth S Frieze | Chief Executive Officer | Current | |
Name | Kenneth S Frieze | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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