Two years later, he built a 7,800-square-foot building to service and sell his used trucks. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. a UEFA A and B licensed coach working towards his professional licence. David discovered his talents for acting in middle school when he was recommended to audition for a play. PADI Discover Tec; PADI Tec 40; PADI Tec 45; PADI TEC 50; Pro; Contact Us; Calendar; Store; February 27, 2023 By palmetto state law enforcement officers association. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. at Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. In the past decade, Thompson was joined by his three sons, who have become owners. David has a home, a car, and a portfolio of investments. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealership and got a job as a truck driver. He is a part owner of the NHL's Winnipeg Jets, and his family's holding company has a minority stake in the Montreal Canadiens. CONTACT: The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. A consistent increase . Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. Actor: Win Win. Our hours have changed We are now closed on Mondays. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . Mr. Thompson was just 15 years old when he lost his father. "David Thompson faced adversity from a young age, but persevered to build his company to become one of the largest heavy-duty truck and trailer dealerships in the country," said Terrence J. Giroux, executive director, Horatio Alger Association. She receives most of her income from her diverse, well-paying career. Founded: 1976. It is the route many of our original customers traveled and on which they continue to operate today. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Keeping low prices, low. David W. Thompson. As the West's leading full-service truck and trailer . TEC Eurolab Srl. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. Mr. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. David Thompson's income source is mostly from being a successful Player. Copper Cable Tester. Under Review. 1998 Acquired the Mack Ontario, CA franchise. If the liabilities are greater than assets, it implies a negative net worth. Swathi Veldandi Design Studio. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. He was a 6'4 shooting guard and small forward who played at Crest High School. He pledged $5 million to Legacy Health for the construction of its cardiology and patient center, and has made contributions to Oregon Harbor of Hope and the Oregon Food Bank. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. To play a pull fade hes normally trying to hit a rope draw with his 48-inch driver Berkshire adds strips of lead tape to the toe in Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rdHoratio Alger Award Induction Ceremonies in Washington, D.C. from 8 AM - 9 PM ET. David A. Thompson founded TEC Equipment in 1976. David Thomson is the Chairman of the Thomson Reuters . TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. What would be his net worth at this juncture? . Learn more. Description: TEC Equipment was founded in 1976 by David Thompson. * About Horatio Alger Association of Distinguished Americans: Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. 2023 Forbes Media LLC. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. For more information, please visit www.horatioalger.org. "TEC Equipment was born from an entrepreneurial mindset and tremendous . He was the first white man to explore the Columbia River from source to mouth. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. He has been a member of the Oregon State University Foundation Board of Trustees since 2013, and is an Emeritus Trustee of the Meridian Park Medical Foundation's Board and a 2018 recipient of its Pillar of Excellence Award. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. He's arguably N.C. State's greatest basketball player, playing from 1972-75. Sep 1976 - Present46 years 6 months. David Thompson played his college basketball at NC State and his #44 was retired. 1976 David Thompson founded Thompson Equipment Company. TEC Equipment Profile and History . However, his family is the richest family in Canada with $35 billion combined fortune. He has also taken a car loan of $10,000. In this third program of the Family Business Study Group Series, we heard from David Thompson, CEO of TEC Equipment, Inc., and each of his sons about how his focused strategy has yielded over 30 years of profitability, market share growth, and financial stability and the planning that has supported this growth. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and California (except Sacramento), making TEC the largest multi-point Volvo, Mack, and GMC Truck dealership group in the United States, and 5th largest of all U.S. truck dealers. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . For more information about Horatio Alger Association and its Member Class of 2022, please visit, Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. Home. WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. 2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. For more information, please visit www.horatioalger.org. From a single operator, TEC Equipment, Inc., has grown to one of Oregons largest private employers and the Wests premier leading truck and trailer dealership group. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TEC Equipment headquarters are located in 750 NE Columbia Blvd, Portland, Oregon, 97211, United States, TEC Equipments main industries are: Automobile Dealers, Retail, Consumer Services, Car & Truck Rental, Retail, Automobile Parts Stores, TEC Equipment appears in search results as Tec Equipment, Tec Equipment Inc, TEC Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group, Get Free Access to TEC Equipment Contacts Info. He is from American. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . Uponcompletion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. We have estimated David Thompson's net worth , money, salary, income, and assets. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. Enter the email address you signed up with and we'll email you a reset link. Fiber and Copper Multi Tester. Lea Thompson is a popular actress, director, and television producer from America. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $180 million to 27,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $1235 million to 35,000 students in need, all of which has been funded solely through the generosity of Association Members and friends. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. When typing in this field, a list of search results will appear and be automatically updated as you type. Your wish might as well come true. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. About Us; Staff; Camps; Scuba. In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Gavin Newsom (D) blocked the move. For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact as well as exchange stories of hardships and triumphs. Upon completion of his bachelor's degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Army's Provost Marshall's Office in Vietnam, and served one and a half tours as a criminal investigator. Through the generosity of its Members and friends, in 2019, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada, and provided college support and mentoring services to its Scholars. 306 people follow this. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. David Thompsonfaced adversityfrom a youngage, butpersevered tobuildhis companytobecomeoneof the largest heavy-duty truck and trailer dealerships in thecountry, said Terrence J. Giroux, executive director, Horatio Alger Association. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Benzinga does not provide investment advice. Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. Email us, Copyright 2021 Oregon State University Disclaimer. He worked through his entire bag which was fun. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. For more information about TEC Equipment, please visit www.tecequipment.com. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. We welcome all corrections and feedback using the button below. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 484-385-2913 (office) Thank you for subscribing to the Business Matters Newsletter. Prior results do not guarantee a similar outcome. Copper Cable Tester. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. TEC is one of the largest Volvo and Mack dealerships in the U.S. and is a recognized leader in new and used truck sales, parts sales and service. family business In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. College news The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Following his honorable discharge from the Army, Mr. Thompson returned to work at Midwest Coast Transport, Inc. as a sales representative, and was transferred to Portland, Oregon. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. After a year. After a few years of studying stand-up comedy . WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. SEATTLE -- At 32, his professional basketball career apparently over -- partly because of a knee injury -- Thompson resides in King County's North Rehabilitation Facility, serving a 180-day. 1997 Purchased a used truck center in Fontana, CA in 1997, first entry into the California market. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. Soon after, he had an opportunity to join Market Transport, a trucking company owned by Peter Stott, a Horatio Alger Association member from the class of 2014. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Long Dress made out of Managalagiri saree. For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. News, articles, and interesting stuff from the College of Business. David Thompson founded TEC Equipment in 1976. All net worths are calculated using data drawn from public sources. I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and . Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. Through the generosity of its Members and friends, in 2020, the Association awarded more than $21 million in undergraduate and graduate need-based scholarships to 2,500 students across the United States and Canada and provided college support and mentoring services to its Scholars. Mr. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities. student success, Oregon State University Total Liabilities = $258.6 Bn. has been selected for membership in this prestigious organization. He was also named college national player of the year in 1975 and was a three time ACC Player of the Year and consensus first-team All-American. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2020 Horatio Alger Award e l a S g n i h t f o f l 0 C % 0 g 5 i B o t 1 p 3 u 5 1 C e D Its 163.9 hp* Rotax E-TEC 800R engine combines with the lightweight REV-XP platform for an David Thompson net worth: $1000 thousand. David Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. He pledged $5 million to Legacy Health for the construction of its cardiology and patient center, and has made contributions to Oregon Harbor of Hope and the Oregon Food Bank. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. A negative net worth suggests there are parts of your financial life you. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . Estate estimated net worth: US$400-500 million Estimated net worth at time of his death: US$20 million (technically his net worth was US$5 million at the time, before inflation. TEC Equipment. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. XDSL Tester When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Our focused strategy has yielded over 40 years of market share growth and financial stability. by Sabine Bickford. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. He then started Thompson Equipment Company, buying and selling used trucks. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. TEC Equipment, headquartered in Portland, Oregon, and founded in 1976, is a retailer and maintenance service company for new and preowned Mack and Volvo brand heavy-duty trucks, medium-duty trucks, trailers, and auto transport vehicles. David Thomson, chairman of media and publishing group Thomson Reuters Corp., is again the wealthiest Canadian and ranks 27th globally with a net worth of US$32.5 billion. "David Thompson faced adversity from a young age, but persevered to build his company to become one of the largest heavy-duty truck and trailer dealerships in the country," said Terrence J. Giroux, executive director, Horatio Alger Association. Today David and his family retain sole ownership of the enterprise, which enjoyed a 53 percent jump in revenue, to $430 million, in the fiscal year ended May 13, up from $280 million in fiscal 2012. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. "In addition to his professional success, he is a pillar in his community, providing those in need with life-changing opportunities through his philanthropic efforts and generous contributions. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. We are thrilledto welcomeDavidas a Member.. Mr. Thompson changed his business's name to TEC Equipment, Inc. in 1983, and through his leadership over the next several decades, it has become one of the top three dealers of new and used trucks and trailers in the country. He currently resides in Shelby, North Carolina, USA. Outside of work, he enjoys skiing, traveling, boating and cycling. . CONTACT:Carly Buggy484-385-2934 (office) cbuggy@briancom.com, View original content:http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html. He then started Thompson Equipment Company, buying and selling used trucks. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. We are thrilled to welcome David as a Member.". 1. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Mr. Thompson was just 15 years old when he lost his father. Sign up for our newsletter for updates on new parts specials, job offers, and more. Welcome visitor you can state of oregon mileage reimbursement rate 2021 A. Thompson, TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO president... 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