Ticker: Sullivan Tire selling business to employees; loan forgiveness clinic; Ellis Early Learning honors state rep
Sullivan Tire and Auto Service announced a new Employee Stock Ownership Plan that will turn over ownership of the 68-year-old, family-owned company to its employees.
This means the company will be 100% owned by its nearly 1,500 employees if the deal goes through.
“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,” said Paul Sullivan. “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.”
Sullivan Tire and Auto Service in headquartered in Norwell.
Loan forgiveness clinic
Attorney General Andrea Campbell and Mayor Michelle Wu will host a Public Service Loan Forgiveness (PSLF) clinic at Boston City Hall on Monday.
The clinic starts at 10 a.m. in City Hall in Boston. Borrowers will be helped by the AG’s Student Loan Assistance Unit.
Ellis Early Learning honors state rep
Ellis Early Learning raised over $630,000 to support its nonprofit mission and honored two champions of early childhood education, state Rep. Aaron Michlewitz and Eastern Bank Foundation President & CEO Nancy Huntington Stager, during its annual benefit event held Nov. 2 in Boston’s South End.
The Ellis community honored Michlewitz, a Boston native who has represented the 3rd Suffolk District since 2009, for leveraging his leadership role as a force for good in early childhood education.