GRAPEVINE, Texas–(BUSINESS WIRE)–Solo Brands, Inc. (NYSE: DTC) a leading portfolio of lifestyle brands that are redefining the outdoor and apparel industries, today announced that Peter Laurinaitis has been appointed to the Company’s Board of Directors.
“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 $100 billion in liabilities. Prior to his most recent role, Mr. Laurinaitis held a leadership position as a Senior Managing Director at The Blackstone Group in its restructuring practice and served as turnaround consultant and auditor at Arthur Andersen. He currently serves as Independent Director of FirstElement Fuel, Inc.
“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 California-based hydrogen infrastructure company. Recently, Mr. Laurinaitis served as a Senior Advisor in the Restructuring and Special Situations Group of PJT Partners, having previously served as a Partner from the founding of PJT Partners in 2015 through 2024. Prior to that, Mr. Laurinaitis worked for The Blackstone Group starting in 2001 and served as a Senior Managing Director in its Restructuring Group. Mr. Laurinaitis also served in the Corporate Restructuring and Audit Groups of Arthur Andersen starting in 1993.
Mr. Laurinaitis received a BS in Accounting from the University of Central Florida, an MSA in Accounting from the University of Central Florida (UCF) and an MBA in Finance from the Wharton School of the University of Pennsylvania. Mr. Laurinaitis is a Certified Public Accountant (CPA, inactive), Certified Insolvency and Restructuring Advisor (CIRA) and a Certified Turnaround Professional (CTP). Mr. Laurinaitis has served as a guest lecturer at the University of Pennsylvania Law School, Wharton Business School, Columbia Law School, and the NYU Stern School of Business. Mr. Laurinaitis serves on the UCF Capital Markets Advisory Board.
About Solo Brands
Solo Brands, headquartered in Grapevine, TX, is a leading omnichannel lifestyle brand company. Leveraging e-commerce, strategic wholesale relationships and physical retail stores, Solo Brands offers innovative products to consumers through five lifestyle brands – Solo Stove and TerraFlame, known for firepits, stoves, and accessories; Chubbies, a premium casual apparel and activewear brand; ISLE, maker of inflatable and hard paddle boards and accessories; and Oru Kayak, innovator of origami folding kayaks.
