{"id":18454,"date":"2025-03-26T08:30:31","date_gmt":"2025-03-26T13:30:31","guid":{"rendered":"https:\/\/www.partstown.com\/about-us\/?p=18454"},"modified":"2025-03-28T08:42:54","modified_gmt":"2025-03-28T13:42:54","slug":"parts-town-unlimited-launches-town-shares-program-to-give-all-team-members-ownership","status":"publish","type":"post","link":"https:\/\/www.partstown.com\/about-us\/parts-town-unlimited-launches-town-shares-program-to-give-all-team-members-ownership","title":{"rendered":"Parts Town Unlimited Launches \u201cTown Shares\u201d Program to Give All Team Members Ownership"},"content":{"rendered":"

New initiative provides all team members the opportunity to share in the company\u2019s success<\/em><\/p>\n

Parts Town Unlimited, the parent company of Parts Town<\/a>, the global leader in high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts, and related products, today announced the launch of its \u201cTown Shares\u201d employee ownership program, designed to allow team members to share in the company\u2019s long-term success. This game-changing program applies to all team members across Parts Town Unlimited\u2019s 46 brands, spanning 147 global locations and a workforce of over 5,500 worldwide.<\/p>\n

Parts Town Unlimited sees this as an important investment in its people. While the exact amount of any ownership program payouts will depend on overall company performance, the Town Shares program is intended to become a meaningful wealth-creation opportunity to significantly impact the lives of team members and their families. Participation in the program is free for team members and provided in addition to their regular salary and benefits.<\/p>\n

By creating a culture of ownership, Parts Town Unlimited is building something truly unique in today\u2019s corporate landscape \u2013 where team members not only understand the impact of their contributions but have a real stake in it. This allows team members to feel a greater sense of purpose and stronger empowerment to speak up with ideas that drive innovation and growth. Instilling an ownership mindset has the potential to not only drive better business outcomes, but result in increased team member engagement, stronger loyalty, attract top talent, and further strengthen overall company culture.<\/p>\n

\u201cWe believe the magic and success of Parts Town Unlimited is created through our outstanding people who are passionate about taking care of our customers, living our core values, and going above and beyond to deliver extraordinary results. We believe that we have a responsibility to provide team members the ability to meaningfully benefit financially from the growth that they drive within the organization. It\u2019s simply the right thing to do, both for our people and for our company.\u201d said Steve Snower, Sixth Man (aka CEO), Parts Town Unlimited. \u201cWe are very proud to launch our Town Shares program. In my 21 years of leading Parts Town Unlimited, this is the most exciting and fulfilling program we have launched because it allows ALL team members to share in the value they help to create.\u201d<\/p>\n

Berkshire Partners, Leonard Green & Partners, and Roark Capital, Parts Town Unlimited\u2019s private equity partners, have been instrumental in championing the Town Shares program, recognizing that fostering a culture of ownership is more than just a business strategy; it\u2019s a powerful driver of long-term success, deeper engagement, and greater financial opportunity. Their support underscores a shared commitment to empowering team members, aligning business growth with personal prosperity, and setting a new standard for corporate culture.<\/p>\n

“We are incredibly proud to support Parts Town Unlimited in launching this transformative program,\u201d said Candice Corvetti, Managing Director, Berkshire Partners. \u201cParts Town\u2019s success is built on the dedication and hard work of its people. The Town Shares program reflects our deep commitment to sharing that success with every team member. We believe it aligns with our core values, rewards the team\u2019s ownership mindset, and creates meaningful financial opportunities for the entire Parts Town team and their families.”<\/p>\n

\u00a0<\/strong>About Parts Town Unlimited<\/strong><\/h2>\n

Parts Town Unlimited is the parent company of over 45 unique brands worldwide which collectively serve as a global leader in the high-tech distribution of genuine original equipment manufacturer (OEM) parts for foodservice equipment, residential appliances, HVAC equipment and consumer electronics, as well as related products and services. Parts Town Unlimited is constantly working to create user-friendly parts identification tools, expand its high-tech distribution capabilities and foster forward-thinking innovations.<\/p>\n

Guided by its core values of Safety, Integrity, Community, Passion, Courage, and Innovation, Parts Town Unlimited delivers infinite possibilities, unlimited potential, and boundless innovation with a focus on people and long-term partnerships. The company was recently recognized by The Inc. 5000<\/a> as one of the fastest-growing companies in the U.S. for the 16th consecutive year.<\/p>\n

For more information, visit https:\/\/www.partstown.com\/<\/a>.<\/p>\n

\u00a0<\/strong>About Berkshire Partners<\/strong><\/h2>\n

Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm\u2019s private equity team invests in well-positioned, growing companies across business & consumer services, healthcare, industrials, and technology & communications. Berkshire is currently investing from its Fund XI, which held its final closing in 2024 with approximately $7.8 billion in commitments. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm’s public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. For additional information, visit www.berkshirepartners.com<\/a>.<\/p>\n

About Leonard Green & Partners<\/strong><\/h2>\n

Leonard Green is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $50 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, Leonard Green has invested in over 100 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as retail, distribution and industrials. For more information, please visit\u00a0www.leonardgreen.com<\/a>.<\/p>\n

About Roark Capital Group<\/strong><\/h2>\n

Roark Capital is an Atlanta\u2010based private equity firm with $38 billion in assets under management. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models, and prides itself on being a trusted partner for management and business owners. Roark brands generate approximately $95 billion in annual system revenues from 107,000 locations located in 50 states and 121 countries. For more information, please visit www.roarkcapital.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New initiative provides all team members the opportunity to share in the company\u2019s success Parts Town Unlimited, the parent company of Parts Town, the global leader in high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts, and related products, today announced the launch of its \u201cTown Shares\u201d employee ownership […]<\/p>\n","protected":false},"author":1,"featured_media":18455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[354],"tags":[],"class_list":["post-18454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-parts-town-news-announcements","wpautop"],"acf":[],"yoast_head":"\nParts Town Unlimited Launches \u201cTown Shares\u201d Program to Give All Team Members Ownership - Parts Town<\/title>\n<meta name=\"robots\" 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