Solo Brands Adds Certified Turnaround Professional to Board

Solo Brands, Inc., parent of the Solo Stove, Chubbies, Isle and Oru brands, has appointed Peter Laurinaitis to the company’s Board of Directors. In addition to being a CPA, he is also reportedly a Certified Insolvency and Restructuring Advisor (CIRA) and a Certified Turnaround Professional (CTP).

“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, Solo Brands, Inc. “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,” the company wrote in a media statement. “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, 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 an 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 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.”

Peter 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.

Image courtesy Chubbies/Solo Brands, Inc.