Tire Services
AN EMPLOYEE-OWNED COMPANY
Benefits of Employee Ownership
A Note About Our ESOP
As a proud Employee-Owned Company, your role here doesn’t just matter — it contributes directly to the success and value of our shared future. At Colony Tire Corporation / Atlantic Tire Distributors, every team member is part of something bigger. Through our Employee Stock Ownership Plan (ESOP), you’ll have the opportunity to earn a financial stake in the company simply by showing up, working hard, and staying with us. We’re excited for you to grow with us!
No Cost to You
Build Wealth, Simply By Doing Your Job
The company contributes shares on your behalf at no cost to you, allowing you to build long-term retirement wealth as the business grows. There are no payroll deductions or out-of-pocket expenses — your ownership stake grows automatically.
Each year, shares are based on company performance, length of service and your compensation.
100% Employee-Owned
Colony Tire Corporation / Atlantic Tire Distributors is a 100% employee-owned company through our ESOP. This means that every eligible employee has a real ownership stake in the success of the business.
As the company grows and thrives, so does the value of your ESOP account. Participants accumulate ownership over time, creating a powerful retirement benefit that rewards loyalty, hard work, and dedication to the company’s mission.
The ESOP Advantage Cycle
When employees think and act like owners, everyone wins.
As an Employee
You work hard, contribute ideas, and help the company succeed every day.
Increased Company Performance
Employee-owners drive productivity, innovation, and customer satisfaction.
Increased Company Value
Better performance leads to higher company valuation and share price.
As an Owner
Your ESOP account grows in value — building real retirement wealth.
The cycle repeats — creating shared prosperity for all employee-owners.
Key Features & Vesting Schedule
Key Features
Eligible employees are enrolled after completing 3 months of service
Participation begins the January 1 or July 1 following eligibility
Employees must work at least 1,000 hours per year to receive an annual allocation
Shares are allocated at no cost to you — the company funds your account
Your account balance grows as the company’s value increases
Vesting Schedule
| Years of Service | Vested % |
|---|---|
| Less than 2 years | 0% |
| 2 years | 20% |
| 3 years | 40% |
| 4 years | 60% |
| 5 years | 80% |
| 6+ years | 100% |
* Service is credited from January 1, 2025 for vesting purposes.
Want to Learn More?
Join our team and start building your future as an employee-owner at Colony Tire.
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