While the exact amount of ownership program payouts will depend on overall company performance, the Town Shares program is intended to become a meaningful wealth-creation opportunity that can significantly impact the lives of team members and their families, the press release said. Participation in the program is free for team members and provided in addition to their regular salary and benefits.

By creating a culture of ownership, Parts Town Unlimited will foster among team members a greater sense of purpose and the motivation to speak up with ideas that drive innovation and growth, the press release said.

“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. “We 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.”

Berkshire Partners, Leonard Green & Partners, and Roark Capital, Parts Town Unlimited’s private equity partners, have been instrumental in championing the Town Shares program, recognizing that fostering a culture of ownership is not only a business strategy but a powerful driver of long-term success, deeper engagement, and greater financial opportunity, the press release said.