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. When typing in this field, a list of search results will appear and be automatically updated as you type. Lea Thompson is a popular actress, director, and television producer from America. * Education . Attorney Advertising. XDSL Tester 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Our expansion from a single used truck center in Portland, Oregon to 30+ truck and trailer dealerships in over 20 cities across Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota is a tribute to this. The car he owns is about $20,000. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. We are thrilled to welcome David as a Member.". Over the years we have formed a strong Best Business Partner relationship which has benefited each other and enabled TEC Equipment to provide first class customer service throughout the corridor. 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. He also worships the God and participates in all festivals. David Thompson's legacy includes not only his Travels, generally recognized as a classic narrative of exploration, but also his meticulous field and survey notebooks, sheets of watercolors, letters describing the state of the interior during the period of contact, and maps of western North America. 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. And the portfolio of investments is $50,000. TEC Equipment raised a total of $5 M in funding over 1 rounds. Enter the email address you signed up with and we'll email you a reset link. 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. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. But coasting on the confidence of what had previously been built is not the TEC way. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. After a year. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. All Rights Reserved. However, there is an industry that might be most affected . We provide convenient access to multiple locations, premium products, parts and service. Sep 1976 - Present46 years 6 months. David struggled with drugs and alcohol later in life but eventually got clean. 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. 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. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. David Thompson founded TEC Equipment in 1976. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. has been selected for membership in this prestigious organization. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. by Sabine Bickford. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. The median net worth for the 35-44 group, $91,300, is still more than 16% below the pre-Recession median net worth of $109,430 in 2007. 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. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. David Thompson was born in Shelby . from 8 AM - 9 PM ET. 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. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. She also starred as Kathryn Kennish in the drama television series Switched at Birth from . He then started Thompson Equipment Company, buying and selling used trucks. Equipment; Master Scuba Diver; Scuba Trips. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. 2019 Opened Mack and Wabash dealership in San Diego, CA. We have 30+ locations in Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota, serving a population base of more than 40 million people. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. 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. 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. West Palm Beach, Florida | February 3-6, 2023; . . student success, Oregon State University TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. Theres no partners in the business except myself and my three sons, the elder Thompson said. CONTACT: In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. Get the latest business insights from Dun & Bradstreet. Industry: Vehicle Dealers. 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 The Thompson sons serve in distinct, complementary roles across many business facets. 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. David discovered his talents for acting in middle school when he was recommended to audition for a play. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 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. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. Copper Cable Tester. Your wish might as well come true. Salary in 2022. 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. 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. David Thompson was born in Shelby, North Carolina in July 1954. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. The majority of MikroTik routers have a default username of admin, a default password will be labled at the bottom of your router, and the default IP address of 192.168. 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 . Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. Benzinga does not provide investment advice. 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. David A. Thompson founded TEC Equipment in 1976. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. Mr. Thompson was just 15 years old when he lost his father. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. 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. Our focused strategy has yielded over 40 years of market share growth and financial stability. TEC Equipments growth in the dealership industry is unprecedented. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. His work experience at TEC has focused on the fixed operations side, centering on the logistics side of the business before moving into his current role as leasing PMO lead. Reflects change since 5 pm ET of prior trading day. He is from American. 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. CAUTION - Before you proceed, please note: By clicking accept you agree that our review of the information contained in your e-mail and any attachments will not create an attorney-client relationship, and will not prevent any lawyer in our firm from representing a party in any matter where that information is relevant, even if you submitted the information in good faith to retain us. future students For more information, please visit www.horatioalger.org. Thomson's life is full of color and vibrancy. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 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. TEC Eurolab Srl. 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. steve thompson bethel . 2023 Forbes Media LLC. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Our hours have changed We are now closed on Mondays. Swathi Veldandi Design Studio. Thompson was the ABA Rookie of the Year, an ABA All-Star, the ABA All-Star Game MVP, and made the ABA All-Time Team. About Us; Staff; Camps; Scuba. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. The TEC Oakland site was purchased by TEC in 2005. Revenue: $500 million to $1 billion (USD) Competitors: Unknown. Net worth can be computed using the following formula: Net Worth = Assets - Liabilities If a person or company owns assets that are greater than liabilities, it is said to show a positive net worth. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. That helped to build trust amongst colleagues and allowed the future leaders to understand the intricacies of the job and relate to the needs and challenges of employees. 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. Dallax, TX (Aug. 22, 2013) -Mack Trucks dealer TEC Equipment, Inc. won the Successful Dealer Award for exceptional sales and service as well as excellence in community and civic engagement. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealershipandgot a job as a truck driver. 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. TEC Equipment was founded in 1976 by David Thompson. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . 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. The second generation started working at TEC as teenagers doing menial labor. 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 Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. 2014 Thomson Reuters sales reach $12.6 billion for the year. David has a home, a car, and a portfolio of investments. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. 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. Net Worth in 2023: $16 million. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. Corvallis, Oregon 97331 May 4, 2022. Since 1984, the Association has awarded more than $235 million in undergraduate, graduate, military veteran and career and technical education scholarships to more than 35,000 deserving students. 1998 Acquired the Mack Ontario, CA franchise. 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. Oregon business In the past decade, Thompson was joined by his three sons, who have become owners. Company size: 501-1000 employees. The safe play was to pass, Thompson recalled. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? awards As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. David Thompson played his college basketball at NC State and his #44 was retired. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. CONTACT . "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. In 2008, he became the chairman of the merged entity, Thomson Reuters. Submit a correction suggestion and help us fix it. David O. has 1 job listed on their profile. 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. 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. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. 2751 SW Jefferson Way TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. For more information about the Mack LR Electric, please visit Mack booth No. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. "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. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. Building in Portland in 1976 by david Thompson played his college basketball at NC State and his # 44 retired! The email address you signed up with and we & # x27 ; s net worth up... Equipment raised a total of $ 5 M in funding over 1 rounds William each play an role! 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