Solo Brands Announces Appointment of Peter Laurinaitis to its Board of Directors
Solo Brands (NYSE: DTC) has appointed Peter Laurinaitis to its Board of Directors, bringing extensive experience in financial strategy and restructuring. Laurinaitis, formerly a Partner and Senior Advisor at PJT Partners, has a proven track record spanning three decades in financial strategy, special situations, capital-raising, M&A, and restructuring advisory.
His notable achievements include raising several billion dollars in fresh capital across various sectors and implementing restructuring strategies that managed over $100 billion in liabilities. Previously, he served as Senior Managing Director at The Blackstone Group's restructuring practice and as a turnaround consultant at Arthur Andersen. He currently serves as Independent Director of FirstElement Fuel.
Solo Brands (NYSE: DTC) ha nominato Peter Laurinaitis nel suo Consiglio di Amministrazione, portando con sé una vasta esperienza nella strategia finanziaria e nella ristrutturazione. Laurinaitis, in precedenza Partner e Senior Advisor presso PJT Partners, ha un comprovato track record che si estende su tre decenni nella strategia finanziaria, situazioni speciali, raccolta di capitali, fusioni e acquisizioni e consulenza per la ristrutturazione.
I suoi risultati notevoli includono la raccolta di diversi miliardi di dollari in nuovo capitale in vari settori e l'implementazione di strategie di ristrutturazione che hanno gestito oltre 100 miliardi di dollari in passività. In precedenza, ha ricoperto il ruolo di Senior Managing Director presso la pratica di ristrutturazione del Blackstone Group e come consulente per il turnaround presso Arthur Andersen. Attualmente, è Direttore Indipendente di FirstElement Fuel.
Solo Brands (NYSE: DTC) ha nombrado a Peter Laurinaitis en su Junta Directiva, aportando una amplia experiencia en estrategia financiera y reestructuración. Laurinaitis, anteriormente Socio y Asesor Senior en PJT Partners, tiene un historial comprobado que abarca tres décadas en estrategia financiera, situaciones especiales, recaudación de capital, fusiones y adquisiciones, y asesoría en reestructuración.
Sus logros notables incluyen la recaudación de varios miles de millones de dólares en nuevo capital en diversos sectores y la implementación de estrategias de reestructuración que gestionaron más de 100 mil millones de dólares en pasivos. Anteriormente, se desempeñó como Director Gerente Senior en la práctica de reestructuración del Blackstone Group y como consultor de turnaround en Arthur Andersen. Actualmente, es Director Independiente de FirstElement Fuel.
솔로 브랜드 (NYSE: DTC)는 피터 로리나이티스를 이사회에 임명하여 재무 전략 및 구조 조정에 대한 광범위한 경험을 추가했습니다. 로리나이티스는 PJT 파트너스에서 파트너 및 수석 고문으로 재직했으며, 재무 전략, 특별 상황, 자본 조달, M&A 및 구조 조정 자문 분야에서 30년 이상의 검증된 경력을 보유하고 있습니다.
그의 주목할 만한 성과로는 다양한 분야에서 수십억 달러의 새로운 자본을 조달하고 1000억 달러 이상의 부채를 관리하는 구조 조정 전략을 구현한 것이 포함됩니다. 이전에는 블랙스톤 그룹의 구조 조정 부서에서 수석 관리 이사로 근무했으며, 아서 앤더슨에서 턴어라운드 컨설턴트로 활동했습니다. 현재 그는 FirstElement Fuel의 독립 이사로 재직 중입니다.
Solo Brands (NYSE: DTC) a nommé Peter Laurinaitis à son Conseil d'Administration, apportant une vaste expérience en stratégie financière et en restructuration. Laurinaitis, ancien partenaire et conseiller senior chez PJT Partners, possède un parcours éprouvé s'étalant sur trois décennies dans la stratégie financière, les situations spéciales, la levée de fonds, les fusions et acquisitions, et le conseil en restructuration.
Parmi ses réalisations notables, on trouve la levée de plusieurs milliards de dollars de nouveaux capitaux dans divers secteurs et la mise en œuvre de stratégies de restructuration ayant géré plus de 100 milliards de dollars de passifs. Auparavant, il a été directeur général senior dans la pratique de restructuration du Blackstone Group et consultant en redressement chez Arthur Andersen. Il est actuellement directeur indépendant de FirstElement Fuel.
Solo Brands (NYSE: DTC) hat Peter Laurinaitis in seinen Vorstand berufen und bringt umfangreiche Erfahrungen in den Bereichen Finanzstrategie und Restrukturierung mit. Laurinaitis war zuvor Partner und Senior Advisor bei PJT Partners und kann auf eine nachweisliche Erfolgsbilanz von drei Jahrzehnten in den Bereichen Finanzstrategie, Sonderfälle, Kapitalbeschaffung, M&A und Restrukturierungsberatung zurückblicken.
Zu seinen bemerkenswerten Erfolgen gehört die Beschaffung von mehreren Milliarden Dollar an frischem Kapital in verschiedenen Sektoren sowie die Umsetzung von Restrukturierungsstrategien, die über 100 Milliarden Dollar an Verbindlichkeiten verwaltet haben. Zuvor war er als Senior Managing Director in der Restrukturierungsabteilung der Blackstone Group tätig und arbeitete als Turnaround-Berater bei Arthur Andersen. Derzeit ist er unabhängiger Direktor bei FirstElement Fuel.
- Appointment of seasoned financial expert with 30 years of experience in restructuring and capital raising
- Strategic addition to strengthen company's financial position during important period
- Board member with proven track record in managing over $100 billion in liability restructuring
- Experience in raising billions in fresh capital across various sectors
- Appointment suggests company may be facing financial challenges requiring restructuring expertise
- Indicates potential need for significant financial oversight and strategic repositioning
Brings Extensive Experience in Financial Strategy, Special Situations, Capital-Raising, M&A and Restructuring Advisory
“Solo Brands welcomes Peter to the Board during this important time for our Company, as we work to strengthen our financial position. His appointment is another step to solidify our strategy and team and enhance the Board’s oversight as we execute against our plan,” said Matthew Guy-Hamilton, Chairman of Solo Brands’ Board of Directors. “We believe that Peter’s strategic insights and experience in leading complex financial advisory assignments will be key as we chart a path toward growth.”
Mr. Laurinaitis, who most recently served as a Partner and subsequently a Senior Advisor at PJT Partners, brings a proven track record of guiding companies through complex financial situations. He also has a deep background and three decades of experience in financial strategy, special situations, capital-raising, M&A and restructuring advisory. Notably, Mr. Laurinaitis has been involved in the raising of several billion dollars in fresh capital for companies across all sectors of the economy, in addition to implementing restructuring strategies to help maximize value for stakeholders, including the restructuring of over
“I am honored to join the Board of Directors at such a pivotal time for Solo Brands and look forward to bringing my experience and insights to the Company,” said Mr. Laurinaitis. “I look forward to working alongside the Board and management team to execute on the Company’s plan and take the right next steps for Solo Brands.”
Separately, the Company provided updates on the business and its performance in its fourth quarter and full-year 2024 earnings press release issued today.
About Peter Laurinaitis
Peter Laurinaitis is an accomplished and trusted financial advisor with 30 years of relevant financial, special situations, capital-raising, M&A, and restructuring advisory experience.
Mr. Laurinaitis currently serves as Independent Director of FirstElement Fuel, Inc., a
Mr. Laurinaitis received a BS in Accounting from the University of
About Solo Brands
Solo Brands, headquartered in
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding our future financial position, our ability to continue as a going concern, our plans and strategy to improve our liquidity, the expected benefits of director appointments, the expected benefits of operational improvements and restructuring efforts and seasonal trends. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “strengthen,” “enhance,” “believes,” “estimates,” “forecasts,” “guidance,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. These statements are neither promises nor guarantees, and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to continue as a going concern; our ability to realize expected benefits from our strategic plans, any restructuring and cost-reduction efforts; our limited liquidity; our dependence on cash generated from operations to support our business and our growth initiatives; the limits placed by our indebtedness to invest in the ongoing needs of our business; our ability to maintain and strengthen our brand to generate and maintain ongoing demand for our products; our ability to design, develop and introduce new products; our ability to mitigate the impact of new and increased tariffs and similar restrictions on our business; risks associated with our international operations; our reliance on third-party manufacturers and problems with, or the loss of, our suppliers or an inability to obtain raw materials; our ability to sustain historic growth rates; our ability to cost-effectively attract new customers and retain our existing customers; the highly competitive market in which we operate; our failure to maintain product quality and product performance at an acceptable cost; the impact of product liability and warranty claims and product recalls; fluctuations in the price of our Class A common stock; failure to regain compliance with the continued listing requirements of the New York Stock Exchange or any future failure to meet such requirements; ; the ability of our largest stockholders to influence corporate matters; and geopolitical conflicts and their impact on the global economy, energy supplies and raw materials. These and other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, or other filings we make with the Securities and Exchange Commission could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Forward-looking statements speak only as of the date the statements are made and are based on information available to Solo Brands at the time those statements are made and/or management's good faith belief as of that time with respect to future events. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250311274883/en/
Mark Anderson, Senior Director of Treasury & Investor Relations
investors@solobrands.com
Source: Solo Brands, Inc.
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