The Early Years
- 1903: Gordon Brothers is founded by three brothers, Jacob (J.B.), Louis and Joseph Gordon of Boston.
- 1916: Gordon Brothers’ first disposition deal with their own failed jewelry store in New Haven, CT, leads to a national reputation as a significant wholesaler of jewelry closeouts and dispositions of surplus inventory.
- 1955: Gordon Brothers incorporates as Gordon Brothers Corporation.
- 1966: Grandson Michael Frieze joins the company and later presides as President and CEO.
- 1988: Gordon Brothers Corporation expands client list to include some of the best-known names in department, discount and apparel stores, home improvement centers, drugstores, specialty stores, and additional furriers, including five of the top ten nonfood retailers.
The Growth Years
- 1991: Company begins a two-decades-long growth plan establishing new business units, opening additional offices globally and entering into the equity investment market.
- 1992: GBFC, INC., an asset-based finance company, is established to provide financing for retailers who are unable to obtain support from traditional financing sources. The company provides loans, principally for working capital, based on the collateral value of a retailer's inventory. It is sold to BankBoston (now Bank of America) in December 1996.
- 1993: Gordon Brothers Corporation establishes ValuSource Ltd to provide hospitals and sponsoring organizations with a way to raise significant funds for worthwhile causes through jewelry shows.
- 1994: Company adds another new business unit, Cross-Bridge Technologies, the exclusive worldwide distributor of DiaView, the jewelry industry's premier diamond selling tool.
- 1995: The firm adds three new business units: Appraisal and Valuation Services (first appraisal product was produced in 1992); Gordon Brothers Wholesale; and Gordon Brothers Capital Corporation, a New York-based finance company specializing in buying loans from banks faced with foreclosures on assets and using them to liquify positions in nonperforming loans, while helping businesses faced with being closed down work to increase their value, whether for sale, merger or refinancing.
- 1996: Gordon Brothers Corporation forms Furniture Fixtures and Equipment and establishes first international business unit, GB Limited in London, U.K. It later becomes Gordon Brothers Europe.
- 1997: Gordon Brothers Equity Partners forms partnership with Berkshire Partners to make equity and equity-featured investments of up to $5 million to retail operations for turnarounds, strategic changes, management buyouts and other special situations. The unit becomes GB Merchant Partners, specializing in equity investment and debt-structured loans. Gordon Brothers Retail Funding is also created to offer structured finance.
- 1998: Gordon Brothers Corporation officially becomes Gordon Brothers Group with an investment from Berkshire partners. DJM Asset Management is acquired and becomes DJM Real Estate, the real estate affiliate of Gordon Brothers Group.
The 21st Century
- 2006: Gordon Brothers Group establishes Gordon Brothers Japan. GB Merchant Partners launches 1903 Debt and Equity Funds for private equity investment in middle-market companies within the consumer products and retail sectors.
- 2008: Gordon Brothers Group creates a unique business unit called Brands, which later goes on to acquire such brands as the Bombay Company, the Sharper Image, Linens ʼN Things and Polaroid.
- 2013: Gordon Brothers Group acquires Emerald Technology Valuations, LLC, the premier high tech valuation and disposition firm, expanding the appraisal and commercial and industrial capabilities of Gordon Brothers Group.
- 2013: GB Merchant Partners rebrands as GB Credit Partners to better suit its future strategy.
- 2013: Today Gordon Brothers Group consists of 9 divisions in 9 cities on 3 continents. Our staff comprises of 250 professionals, 400 field consultants and hundreds of real estate brokers, and includes former CEOs, CFOs, general merchandise managers, and heads of retail, real estate and industrial operations, as well as a variety of other executives with industry, legal and financial expertise at our clients’ disposal.
- 2013: Gordon Brothers Group acquires Appraisal Systems Inc., an industrial and commercial appraisal firm with specialties in the energy sector, expanding the Appraisal & Valuation Division's depth by adding this highly specialized appraisal capability.
- 2014: Gordon Brothers Group and BlackRock Kelso Capital Corporation launch Gordon Brothers Finance Company. As part of the transaction, Gordon Brothers Finance Company acquired from GB Credit Partners, LLC its asset-based lending business as well as a portfolio of approximately $269 million of loans.
- 2015: Gordon Brothers Group’s Valuation & Advisory Services Division acquires AccuVal-LiquiTec to form Gordon Brothers-AccuVal. The transaction marks the union of two of the longest-standing valuation firms in the industry, boasting a nearly 140 year combined heritage.