Solo Brands’ CFO Buys In
Solo Brands new CFO Somer Webb just joined the company last month. According to a Form 4 filing with the SEC, she’s buying company stock to celebrate. From May 24th – May 25th, she bought 70,372 shares of Solo Brands stock for just under $300,000.
Traeger Having a Fireside Chat
Traeger announced today that they are participating in the 2022 Baird Global Consumer Technology and Services Conference in New York City on Wednesday, June 8th. The following leaders are participating in the chat, which will begin at 10:15 am EST.
- Jeremy Andrus, Chief Executive Officer
- Dominic Blosil, Chief Financial Officer
- Nick Bacchus, Vice President of Investor Relations
Traeger surprised the investment community when they reported their Q1 results recently and beat their numbers. In Solo Brands’ recent investor day, they noted an improvement in ocean freight costs. We’ll see if Traeger, who also uses overseas manufacturing but is expanding to Mexico, mentions anything similar.
Large recteq Investor Opens New Office
While recteq just opened a new facility out west, large recteq investor, Norwest Equity Partners (NEP), announced the opening of their office in West Palm Beach, FL. Their new office at 360 Rosemary is a 300,000 square-foot Class-A office building that is currently home to a team of 15 investment staff. The West Palm staff will focus on growing investments in the Southeastern corridor of the US, like Evans, GA based recteq.
The new office is led by Managing Partner Tim DeVries and NEP Partner Sundip Murthy, with recent hire Operating Advisor Billy Hegeman, also based in the Southeast.
The Southeast region is a new and important epicenter for growing, private companies. Our proximity allows us to invest and partner with companies in our unique way. We hear from the leaders of our portfolio companies that NEP’s collaborative approach and respect for their vision sets us apart from other sources of capital. We’re considered long-term investors – focusing on supporting strategy, scaling the business, and performance. For many of our portfolio companies, NEP is the first outside investor. We play a key role in making companies the best they can be.
DeVries and Murthy, NEP Partners