Parts Town Unlimited, the parent company of Parts Town, a high-tech distributor of OEM foodservice equipment parts, residential appliance parts, HVAC parts, consumer electronic parts and more, announced the launch of its “Town Shares” employee ownership program, designed to allow team members to share in the company’s long-term success. This program applies to all team members across Parts Town Unlimited’s 46 brands, spanning 147 global locations and a workforce of over 5,500 people worldwide.
While the exact amount of any ownership program payouts depends 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.
“We 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’s simply the right thing to do, both for our people and for our company.” said Steve Snower, CEO of Parts Town Unlimited in a press release.
