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Sullivan Tire turning ownership of company to employees
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Sullivan Tire and Auto Service turning ownership of company to employees
Massachusetts-based company founded by family in 1955
Updated: 2:28 PM EDT Nov 4, 2023
A family-run tire dealer that was started by a Massachusetts man nearly 70 years ago will now be turned over to its employees across New England.Sullivan Tire and Auto Service has announced it is converting to an employee stock ownership plan, which means the company will be 100% owned by its nearly 1,500 employees in Massachusetts, New Hampshire, Rhode Island, Connecticut and Maine.Bob Sullivan founded the business in 1955 as a roadside shop in Rockland called Bob Sullivan and Sons Tire. Two of Sullivan’s children, Robert and Paul, are chairman of the board and vice chair, respectively.Sullivan Tire is now headquartered in Norwell and has 79 retail locations, 17 commercial truck centers, 14 wholesale distribution satellite locations, two truck tire retread plants, two LiftWorks facilities and five distribution centers.“We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” Paul Sullivan said in a statement. “When Bob and Mary Sullivan started the company, they decided that respecting our employees and their families was going to be a key foundation of Sullivan Tire; this ESOP will carry on that belief.”Many in New England know Sullivan Tire for its commercials featuring children as the stars, particularly those where the kids do weather and traffic reports. A number of the company’s advertisements also featured Boston sports stars, including Baseball Hall of Famer Jim Rice, former American League MVP Dustin Pedroia and Jon Lester, a pitcher who won two World Series with the Red Sox. Boston Bruins forward Charlie Coyle, a Weymouth native, stars in the current ad campaign.In its announcement, Sullivan Tire said that Robert and Paul Sullivan will remain with the company in their current roles and that Joseph Zaccheo will continue as president and chief executive officer of the company.
NORWELL, Mass. —
A family-run tire dealer that was started by a Massachusetts man nearly 70 years ago will now be turned over to its employees across New England.
Sullivan Tire and Auto Service has announced it is converting to an employee stock ownership plan, which means the company will be 100% owned by its nearly 1,500 employees in Massachusetts, New Hampshire, Rhode Island, Connecticut and Maine.
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Bob Sullivan founded the business in 1955 as a roadside shop in Rockland called Bob Sullivan and Sons Tire. Two of Sullivan’s children, Robert and Paul, are chairman of the board and vice chair, respectively.
Sullivan Tire is now headquartered in Norwell and has 79 retail locations, 17 commercial truck centers, 14 wholesale distribution satellite locations, two truck tire retread plants, two LiftWorks facilities and five distribution centers.
“We are honored and proud that the future of Sullivan Tire will be shepherded by the people who have all played a role in helping us accomplish the brand recognition that is prevalent throughout New England,” Paul Sullivan said in a statement. “When Bob and Mary Sullivan started the company, they decided that respecting our employees and their families was going to be a key foundation of Sullivan Tire; this ESOP will carry on that belief.”
Many in New England know Sullivan Tire for its commercials featuring children as the stars, particularly those where the kids do weather and traffic reports. A number of the company’s advertisements also featured Boston sports stars, including Baseball Hall of Famer Jim Rice, former American League MVP Dustin Pedroia and Jon Lester, a pitcher who won two World Series with the Red Sox. Boston Bruins forward Charlie Coyle, a Weymouth native, stars in the current ad campaign.
In its announcement, Sullivan Tire said that Robert and Paul Sullivan will remain with the company in their current roles and that Joseph Zaccheo will continue as president and chief executive officer of the company.
Boston Live News