Dumond, Inc. Transitions to Employee Ownership with New Management Team and Partners

Dumond, Inc. Transitions to Employee Ownership

Dumond, Inc., a well-established name known for its eco-friendly paint removal and surface preparation products, has made a pivotal announcement regarding its corporate structure. In a move that signifies a new era for the company, the current management team alongside Revel Street Partners LLC has successfully acquired all outstanding shares from its original founder. This significant transition took place on July 28, 2025, although specific financial details surrounding the deal remain undisclosed.

Founded in 1981, Dumond has made its mark as a pioneer in innovative solutions for paint removal, surface preparation, specialty cleaning, and graffiti removal. The company's extensive product line features over 80 unique SKUs that cater to a diverse customer base, including commercial, industrial, marine, governmental sectors, and DIY enthusiasts spread across North America, Europe, and Asia. Some of the company's popular brands such as Peel Away®, Smart Strip®, and Smart Strip Pro® exemplify Dumond's commitment to environmentally responsible products.

Rick Grear, CEO of Dumond, expressed enthusiasm about this transition to employee ownership. He stated, "This is an exciting opportunity for Dumond as we shift towards a majority employee-owned structure. With fresh funding, we are strategically positioned to enhance our growth trajectory and introduce new solutions that our customers are looking for. Our dedicated team, coupled with a vast untapped market, makes this the perfect time for such a transformational change." He assured customers of the company’s ongoing commitment to providing innovative and cost-effective products that yield tangible results while adhering to eco-friendly practices.

The company aims to enhance and expand its focus on new technologies, customer-centric initiatives, and strategic acquisitions. COO Paul Deniken highlighted the advantages of being an associate-owned enterprise, noting, "Being employee-owned enables us to invest better in emerging trends and pivot more effectively to meet evolving customer requirements. We are particularly excited about launching a new series of products in 2026, expanding our manufacturing capabilities, and accelerating entry into new markets and distribution avenues."

With the new ownership structure, Revel Street Partners will bring their expertise into leadership roles at Dumond. Todd Way will step in as the Chief Financial Officer, while Doug Bowman has taken on the role of Executive Chairman. The management team of Dumond received legal guidance from Troutman Pepper Locke LLP for this significant transaction, while Revel Street Partners has provided the necessary financing.

Dumond, Inc. continues to evolve as a leader in environmentally responsible solutions, setting its sights on further innovation and expansion in the industry. For comprehensive information regarding Dumond and its product offerings, prospective customers can visit Dumond's official website.

For media inquiries, Doug Bowman, the Executive Chairman, can be contacted at [email protected] or reached by phone at 610-420-6995.