A New England tire and auto service company is turning over its ownership to its nearly 1,500 employees. On Friday, Sullivan Tire and Auto Service announced it sold the family-owned business to an employee stock ownership plan. The conversion will make the company 100 percent owned by its nearly 1,500 team members across New England.Company officials said the current owners will stay with the company as chairman of the board and vice chair. Sullivan Tire and Auto Service has 13 locations in New Hampshire, according to its website.
A New England tire and auto service company is turning over its ownership to its nearly 1,500 employees.
On Friday, Sullivan Tire and Auto Service announced it sold the family-owned business to an employee stock ownership plan.
The conversion will make the company 100 percent owned by its nearly 1,500 team members across New England.
Company officials said the current owners will stay with the company as chairman of the board and vice chair.
Sullivan Tire and Auto Service has 13 locations in New Hampshire, according to its website.
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November 05, 2023 at 11:01PM
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Sullivan Tire and Auto Service turning ownership of company to employees - WMUR Manchester
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