Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. 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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. Find low prices. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. 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. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . He then started Thompson Equipment Company, buying and selling used trucks. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. He was a 6'4 shooting guard and small forward who played at Crest High School. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. has been selected for membership in this prestigious organization. Hints and clues to help you with today's Wordle. "It was clear from their nomination that David Thompson and his team at TEC have made a commitment to their employees and the communities they serve," said Jason Cannon, Successful Dealer online editor. Education . She also starred as Kathryn Kennish in the drama television series Switched at Birth from . 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. The TEC Oakland site was purchased by TEC in 2005. Revenue: $500 million to $1 billion (USD) Competitors: Unknown. 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. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. He and his wife Ann established a major annual scholarship program 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. All Rights Reserved. Earlier this year, through hard work, she finally reached that goal. Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. 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. Founded: 1976. Your wish might as well come true. TECs expansion from a single used truck center to 22 franchised dealerships and three used truck centers and 1,000 employees has not followed a traditional path. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". For more information about TEC Equipment, visit theirwebsite. Reflects change since 5 pm ET of prior trading day. Find top employees, contact details and business statistics at RocketReach. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. West Palm Beach, Florida | February 3-6, 2023; . 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 . David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . Salary in 2022. College news Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 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. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. For more information about the Mack LR Electric, please visit Mack booth No. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. XDSL Tester Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. Horatio Alger Association names 16 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2022 Long Dress made out of Managalagiri saree. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. It is the route many of our original customers traveled and on which they continue to operate today. 2751 SW Jefferson Way
About Us; Staff; Camps; Scuba. He then started Thompson Equipment Company, buying and selling used trucks. Two years later. A few school productions and original local theater pieces later, David began to audition for student films in New York. He played with the Denver Nuggets of both the American Basketball Association (ABA) and National Basketball Association (NBA), as well as the Seattle SuperSonics of the NBA. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. 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. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. Good Bye Lenin! A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. 1998 Acquired the Mack Ontario, CA franchise. Meet the Thompson Family. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. 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. Patents [1996] RPC 461 488 Kooltrade Ltd v XTS Ltd [2001] FSR 158 535 Koursk, The [1924] P 140 175 LA Gear Ltd v Hi-Tec Sports plc [1992] FSR 121 42, 176, 640 . All net worths are calculated using data drawn from public sources. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. 2023 Forbes Media LLC. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 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. 2019 Opened Mack and Wabash dealership in San Diego, CA. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. 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. For more information, please visit www.horatioalger.org. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. 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. However, his family is the richest family in Canada with $35 billion combined fortune. David Thompson was born in Shelby . For more information about TEC Equipment, please visit www.tecequipment.com. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. He then started Thompson Equipment Company, buying and selling used trucks. Theres no partners in the business except myself and my three sons, the elder Thompson said. At TEC, leadership positions are earned, not given. What would be his net worth at this juncture? Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. awards Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. 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. Fiber and Copper Multi Tester. david thompson tec equipment net worth; PDF Identifying the Signer How to Write a Legal Caption | Legal Beagle Each co-owner has a separate legal title to his undivided interest. It seems as if no matter the news the stock goes down. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. David struggled with drugs and alcohol later in life but eventually got clean. Horatio Alger Association of Distinguished Americans, Inc. http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html, Do Not Sell My Personal Data/Privacy Policy. 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. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. David Thompson's income source is mostly from being a successful Player. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Horatio Alger Award Induction Ceremonies in Washington, D.C. He has seen TEC from many angles, working in the warehouse, on the maintenance team, as an insurance agent and now as director of TEC Development. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. family business Mr. Thompson and the Member Class of 2020 will be formally inducted into the Association on April 2-4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C. 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. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Sep 1976 - Present46 years 6 months. 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 . . 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. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. WASHINGTON, D.C. 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 thatDavid A. Thompson,president and CEO ofTEC Equipment, Inc.,has been selected for membership in this prestigious organization. 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. David O graduated with a Bachelors degree in Business Administration from Oregon State University. The TEC network consisted of 28 locations across five states until in 2022, TEC made its first foray into the Midwest, acquiring four Volvo dealership locations in Nebraska, Iowa and South Dakota. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Portland, Oregon May 2, 2022 TEC Equipment, Inc., headquartered in Portland, Oregon, has purchased the Volvo franchise rights from North American Truck & Trailer in Omaha and Lexington, Nebraska; Sioux City, Iowa; and Sioux Falls, South Dakota. All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. 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. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 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. He and his wife Ann established a major annual scholarship program 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. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . Heandhis wife Annestablished a major annual scholarship programat Oregon State University, providing two four-year scholarships that include coverage for tuition, room, board and senior-year study abroad for students in need. Lea Thompson is a popular actress, director, and television producer from America. If the liabilities are greater than assets, it implies a negative net worth. Oregon business Learn more. Net Worth in 2023: $16 million. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". However, there is an industry that might be most affected . That perceived safety was incongruent with our family values and ideals, Thompson said. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. 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. We are thrilledto welcomeDavidas a Member.. Actor: Win Win. It was always important to David that his children played an integral role in shaping the future of TEC. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. 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. 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. Mr. Thompson was just 15 years old when he lost his father. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. For more information, please visit www.horatioalger.org. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. He has also taken a car loan of $10,000. David O. has 1 job listed on their profile. She receives most of her income from her diverse, well-paying career. Hehas been amember of theOregon State University Foundation Board of Trusteessince2013,andis an Emeritus Trustee of the Meridian Park Medical Foundations Board and a 2018 recipient ofitsPillar of Excellence Award. David Thomson has a net worth of $5.09 billion. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. 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. Through an economy collapse in 1981 and impending company foreclosure, Mr. Thompson prevailed and purchased a repossessed fleet of 102 trucks, which he resold for a profit to save Thompson Equipment Company. The second generation sons David O., Chris and William lobbied for a chance to model the savvy and drive they had seen throughout their upbringing. 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. We are thrilled to welcome David as a Member.". Mr. Thompson was just 15 years old when he lost his father. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. Also, the stud is home to four top-class stallions. . a UEFA A and B licensed coach working towards his professional licence. 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. Welcome visitor you can state of oregon mileage reimbursement rate 2021 In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. Prior results do not guarantee a similar outcome. 1976 David Thompson founded Thompson Equipment Company. David O took an interest in the family business from a young age, working in a variety of roles around the dealerships as a teenager until he joined the company full-time in 2010. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. 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. 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 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. Sign up for our newsletter for updates on new parts specials, job offers, and more. future students 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. David Thompson founded TEC Equipment in 1976. David Thompson, 62, grew up in Shelby and played high school ball at Crest. Thomson is the co-chairman of Woodbridge, the . 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. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. They hope to continue providing industry-leading transportation solutions for customers and fostering a beneficial workplace for employees while continuing to grow the TEC network. 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. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. During those early days in Portland, Oregon, TEC Equipment was known as Thompson Equipment Company and its business was buying and selling used trucks and trailers. Email us, Copyright 2021 Oregon State University Disclaimer. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Submit a correction suggestion and help us fix it. 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. 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. Flashback to 1985, Julie Sandoval was hired through the Kelly Girl staffing agency as a cashier for a GM factory-owned store in Oakland. 1997 Purchased a used truck center in Fontana, CA in 1997, first entry into the California market. David Thompson - Founder / Ceo - Tec Equipment - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. Fiber and Copper Multi Tester. He's arguably N.C. State's greatest basketball player, playing from 1972-75. Our hours have changed We are now closed on Mondays. For more information, please visit www.horatioalger.org. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 2019 Opened the largest truck dealership in North America, with a 174,000 sq ft. state of the art facility in Fontana, CA., with capacity to service over 100 trucks and 2 acres of parts warehouse. Benzinga does not provide investment advice. 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. 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. 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