Massachusetts-based Sullivan Tire turns company ownership over to employees

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Sullivan Tire turns ownership of company to employees.

A well-known, family-owned New England tire and car repair business is transferring the ownership of the company to its employees, in a bid to preserve the legacy and values of the brand well into the future.

"It's nice when people come to work each and everyday, feeling like they have a bigger stake in what they're doing," Vice President of Marketing Paul Sullivan said."We didn't want this to be about money. We wanted it to be about our history and our legacy." "He would not lay those people off," Sullivan said of his father."Who... helped him realize the American dream, owning a home. Going full circle, the same is happening today."

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