
In the sharp-tongued world of Sarah Burgess’s Dry Powder, presented by Gwydion Theatre Company at the Greenhouse Theater Center, the pursuit of money is a blood sport. The play centers on a high-stakes private equity firm caught in a massive public relations nightmare after laying off thousands of grocery store workers the same week its co-founder threw a flashy engagement party featuring an elephant – but it was just one elephant!
All hope isn’t lost for their reputation, however. A potential way out comes thanks to a struggling, American-made luggage company that believes the firm can save them. Of course, as the firm weighs the acquisition, their definition of “help” may not align with the company’s. At the helm is Rick, the ultimate decision-maker, who has two distinct angels on his shoulders: Seth, the optimistic partner who brought the deal to the table, and Jenny, his cold-hard-cash counterpart. From Seth’s perspective, the deal is a perfect fit; they can rescue an American brand without layoffs and emerge as heroes. For Jenny, this luggage company is just baggage—unless it can be downsized, moved overseas, and engineered into something it once stood against.
Directed with precision by Ellie Thomson, Dry Powder completes Gwydion Theatre’s season, which has explored themes of class, money, and power, and how all three can entangle the soul. The production asks what happens to our humanity when everything is reduced to a column on a balance sheet.
The production thrives on the electric, friction-filled chemistry of its cast, anchored by a series of standout performances.

Carol Kelleher delivers a masterclass performance as Jenny. Playing the de facto villain of the piece, Kelleher crafts a remarkably complex and compelling performance that is utterly enjoyable to watch. She doesn’t just play the role; she completely becomes the character, infusing Jenny’s brutal, unrelenting perspective of greed with a sharp humor. Her performance ensures that even at Jenny’s most calculating, you cannot look away.
As the firm’s head, Rick Yaconis turns in a powerful performance, deftly striking the balance between a paternal mentor and a greasy titan. He shifts effortlessly between a ruthless opponent and a pat-you-on-the-back salesman.
Grayson Kennedy, a founding member of Gwydion Theatre, brings immense depth to Seth, the firm’s supposedly earnest, morally grounded partner. His clean-cut delivery fits the role perfectly.
Tommy Thams, co-founder of the theatre company, rounds out the dynamic as Jeff, the CEO of the targeted luggage company. Thams infuses Jeff with the relaxed, easygoing charm of an old buddy, making the audience root for the company’s success and feel genuinely betrayed by what unfolds in the final act.
Burgess’s script is complex, mining dark humor from the shifting dynamics and war of words between these characters.
Ultimately, Dry Powder leaves the audience reflecting inward. It might be easy to dismiss this play if we aren't personally in a position to dismantle - or attempt to save - a multimillion-dollar company, but the narrative transcends the boardroom. The play holds up a mirror and forces us to look closely at ourselves: Are we good or are we just being nice?
As Jenny pointedly notes, she never lies to the client. Her emotions, her greed, and her hawkish nature are never disguised. Seth, conversely, hides behind a comforting “nice guy” persona, genuinely believing he occupies the moral high ground. But in trying to appease both sides – a greedy firm and a company that needs help – is he actually better or just deceiving himself?
It’s these thought-provoking questions that make Gwydion Theatre’s production a gripping triumph that lingers long after the final blackout.
Dry Powder plays at the Greenhouse Theater until July 26. Tickets and show information here.
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