DOWNINGTOWN, PA — Dumond, Inc. has completed a major ownership transition, with its management team partnering with investors from Revel Street Partners LLC to acquire all outstanding shares from the company’s original founder. The transaction closed July 28, 2025. Terms were not disclosed.
Founded in 1981, Dumond is known for developing eco-friendly solutions for paint removal, surface preparation, specialty cleaning, and graffiti removal. Its product portfolio spans more than 80 SKUs, with distribution across North America, Europe, and Asia. Well-known brands include Peel Away®, Smart Strip®, and Smart Strip Pro®. The company serves commercial, industrial, marine, government, and do-it-yourself markets.
“We are excited about the opportunity for Dumond to become a majority employee-owned company,” said Rick Grear, CEO of Dumond. “With a new infusion of capital, we are well-positioned to drive accelerated growth and bring new solutions to the market. Our dedicated team, combined with significant untapped market potential, makes this the ideal time for this transition. Customers will continue to rely on Dumond for innovative, cost-effective solutions, and we remain committed to delivering environmentally friendly products that deliver real results.”
The company said it will expand investment in technology, customer-focused initiatives, and strategic acquisitions.
“As an associate-owned and operated business, we are now better aligned to invest in emerging trends and evolving customer needs,” said Paul Deniken, COO of Dumond. “We’re especially excited to launch a series of new product lines in 2026, expand our manufacturing capacity, and accelerate our entry into new markets and distribution channels.”
The ownership change also brings new leadership roles for Revel Street Partners executives. Todd Way has been appointed chief financial officer, while Doug Bowman will serve as executive chairman.
Dumond’s management team was advised by Troutman Pepper Locke LLP, with financing provided by Revel Street Partners.
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