DOWNINGTOWN, Pa., Aug. 5, 2025 /PRNewswire/ — Dumond, Inc., a long-standing leader in environmentally responsible paint removal and surface preparation solutions, has announced a significant development in its corporate structure. The company’s current management team, alongside a group of experienced investors from Revel Street Partners LLC, has acquired all outstanding shares of the company from its original founder.
The transaction officially closed on Monday, July 28, 2025. Details of the deal have not been disclosed.
Since 1981 Dumond has been a pioneer in the development and supply of innovative, eco-friendly products for paint removal, surface preparation, specialty cleaning, and graffiti removal. With more than 80 unique SKUs and a footprint extending across North America, Europe, and Asia, Dumond serves a wide range of commercial, industrial, marine, governmental, and DIY customers. Some of Dumond’s leading brands include Peel Away® Smart Strip®, and Smart Strip Pro®.
Rick Grear, CEO of Dumond, commented,
“We are excited about the opportunity for Dumond to become a majority employee-owned company. 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 plans to continue—and expand—its investment in new technologies, customer-centric programs, and strategic acquisitions.
Paul Deniken, COO of Dumond, added,
“As an associate-owned and operated business, we are now better aligned to invest in emerging trends and evolving customer needs. 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 new ownership structure also brings experienced leadership from Revel Street Partners into key roles: Todd Way joins as Chief Financial Officer, and Doug Bowman has been appointed Executive Chairman of Dumond.
Dumond’s Management Team was advised by the law firm Troutman Pepper Locke LLP, with financing provided by Revel Street Partners.
For more information about Dumond and its full product line, visit www.dumondglobal.com.
Media Contact:
Doug Bowman
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610-420-6995
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SOURCE Dumond, Inc.
