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 “Town Shares” employee ownership program, designed to allow team members to share in the company’s long-term success. This game-changing program applies to all team members across Parts Town Unlimited’s 46 brands, spanning 147 global locations and a workforce of over 5,500 worldwide.

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.

By creating a culture of ownership, Parts Town Unlimited is building something truly unique in today’s corporate landscape – 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.

“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, Sixth Man (aka CEO), 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 because it allows ALL team members to share in the value they help to create.”

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 more than just a business strategy; it’s 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.

"We are incredibly proud to support Parts Town Unlimited in launching this transformative program,” said Candice Corvetti, managing director, Berkshire Partners. “Parts Town’s 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’s ownership mindset, and creates meaningful financial opportunities for the entire Parts Town team and their families."