Gabe's
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | January 1, 1961 in Morgantown, West Virginia, United States |
| Founder | James Gabriel, Arthur Gabriel |
| Headquarters | Morgantown , United States |
Area served | Mid-Atlantic, Midwest, Southeast United States (20 states) |
| Products | Off-price department store goods |
| Owner | Warburg Pincus |
Gabriel Brothers, Inc., operating under the trade name Gabe's, is a U.S.-based off-price department store chain with its headquarters located in Morgantown, West Virginia. By 2023, Gabe's operates 131 retail locations along with 38 Old Time Pottery outlets spanning 20 states. The company is supported by six distribution hubs that cater to the Mid-Atlantic, Midwest, and Southeast regions.
History

The origins of the business trace back to the early 1920s when Zaghieb G. "Z.G." Gabriel began vending goods from a green-paneled truck equipped with shelves and drawers. Traveling through the coal-mining communities of Fayette County, Pennsylvania, he built relationships with customers while recognizing the demand for affordable products. Z.G. would hop freight trains headed for New York City, carrying empty duffle bags to purchase surplus inventory from various stores. He then returned to sell these items at significantly reduced prices.Template:Fix/category[citation needed]
In 1961, Z.G.'s sons, James and Arthur Gabriel, established Gabriel Brothers in Morgantown, West Virginia.[1] Throughout the 1980s and 1990s, under their leadership, Gabe's expanded its footprint into states such as Maryland, Ohio, and Virginia.[2]
On March 21, 2012, the Gabriel family divested their majority ownership to Alvarez & Marsal Capital, a private equity firm based in New York City.[3] The following year, the stores underwent rebranding to "Gabe's," although the corporate name remained Gabriel Brothers.[4][5]
Subsequently, on December 22, 2016, Alvarez & Marsal Capital transferred its ownership stake to Warburg Pincus, another private equity firm headquartered in New York City.[6]
In April 2023, Gabe's expanded its portfolio by acquiring Old Time Pottery, a home goods retailer based in Tennessee.[7][8]
By 2024, Gabe's operates 131 stores alongside 34 Old Time Pottery locations across twenty states including Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.[5]
References
- ↑ "Gabriel Brothers: What to know about the company opening a $77.5M distribution center in Springfield". Yahoo News. 2021-10-06. Retrieved 2025-03-26.
- ↑ Karim, Hasan (2021-11-07). "Growth prompted Gabe's to make largest investment in Springfield". springfield-news-sun. Retrieved 2025-03-26.
- ↑ "Alvarez & Marsal Capital Acquires Gabriel Brothers in Partnership with Gabriel Family". A&M Capital. March 21, 2012. Retrieved April 19, 2024.
- ↑ Rizzo, Lillian and Mattioli, Dana (2015-07-08). "A&M Capital-Backed Discount Retailer Gabe's Weighs a Sale". The Wall Street Journal. ISSN 0099-9660. Retrieved 2025-03-12.
- ↑ 5.0 5.1 "About Gabes". Gabe's.
- ↑ "Gabe's Sold To Warburg Pincus". SGB Media. December 22, 2016. Retrieved April 19, 2024.
- ↑ Sharma, Soumya (2023-04-20). "Off-price retailer Gabe's acquires Old Time Pottery". Retail Insight Network. Retrieved 2025-03-05.
- ↑ Pickle, Geoff (2024-02-14). "Old Time Pottery making way for Gabe's". Springfield Business Journal. Retrieved 2025-03-05.
External links
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- Official website missing URL
- Retail businesses located in West Virginia
- United States discount retailers
- Enterprises headquartered in Morgantown, West Virginia
- American firms founded in 1961
- Retailers established in 1961
- 1961 establishments within West Virginia
- Department store chains in the United States
- Companies affiliated with Warburg Pincus
- Retail companies based in West Virginia