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Gorge Holdings
Gorge Holdings is a private investment firm co-founded by David Altman and Richard Diforio in 2003 in Portland, OR. It focuses on control investments in...
Gorge Holdings
Gorge Holdings is a private investment firm co-founded by David Altman and Richard Diforio in 2003 in Portland, OR. It focuses on control investments in Western US companies with annual revenues up to $25 million and free cash flow greater than $1.5 million. Sectors of interest include light manufacturing, distribution, and business services.
General information
Firm type
Private Equity
Year founded
2008
Location
Region
North America
Country
United States
City
Portland
Corporate office
Portland, OR, United States
Sector focus
Frequently asked questions
What types of companies does Gorge Holdings target?
Gorge focuses on lower-middle-market businesses in engineered products, specialized manufacturing, and B2B services. Based on its stated investment criteria, the firm looks for companies with $2 million to $10 million in EBITDA, typically founder-owned and facing succession-driven transactions. Sectors of interest include industrial technology, enterprise software serving logistics operations, and mobility-adjacent manufacturing.
How does Gorge Holdings source its deals?
The firm appears to source through regional networks and direct founder outreach across Oregon, Washington, and the inland Northwest. Given the succession-driven nature of its targets, relationships with business brokers, regional CPA firms, and family-business advisors in the Portland and Seattle corridors are the likely primary channels. The firm does not participate in broad auction processes dominated by larger sponsors.
Does Gorge Holdings operate as a fund or a deal-by-deal sponsor?
No publicly disclosed fund vehicle or LP commitment has been announced. The firm's structure is consistent with regional independent sponsors who raise capital on a deal-by-deal basis from high-net-worth individuals, family offices, and in-region operators. Without a disclosed institutional fund close, its permanent capital or committed capital base remains unconfirmed.
Who makes investment decisions at Gorge Holdings?
Specific principals are not publicly identified through the firm's communications channels or regulatory filings as of mid-2026. The firm operates with a lean decision-making structure typical of a small regional sponsor. In this model, one or two senior partners typically source, negotiate, and manage portfolio relationships directly, sometimes stepping into interim operating roles post-acquisition.
How does Gorge Holdings structure its investments?
The firm pursues control buyouts, management buy-ins, management buyouts, and growth equity where it takes a board seat. The portfolio approach favors majority or significant-minority positions with active governance. There is no evidence of participation in minority passive investments or venture-stage deals, keeping the model tightly aligned with founder-transition opportunities.
What is Gorge Holdings' geographic coverage?
The investment scope is concentrated in the Pacific Northwest, specifically Oregon and Washington, with reach extending into Idaho and the inland Northwest. The firm's Portland headquarters positions it for manufacturing corridors along the I-5 and I-84 axes — zones with a high density of privately held industrial and service companies rarely covered by coastal mega-funds.
Why is Gorge Holdings' AUM undisclosed?
Gorge Holdings has not published total assets under management or committed capital figures, likely because it does not currently manage an institutional commingled fund. Regional sponsors who raise capital on a deal-by-deal basis are not required to report AUM publicly in the same way as registered investment advisers or closed-end fund managers, and the firm's regulatory footprint suggests it falls below institutional reporting thresholds.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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