This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. 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. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. David A. Thompson founded TEC Equipment in 1976. We are thrilled to welcome David as a Member.". XDSL Tester "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Fax: 541-737-4890, Phone: 541-737-2551 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. His home is worth $120,000. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. Industry: Vehicle Dealers. He was the Final Four's most . Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). 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. 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. Total Liabilities = $258.6 Bn. David is now joined by his three sons, David O, Chris and William. 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 was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. Oregon business 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. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. As the West's leading full-service truck and trailer . David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. David O. has 1 job listed on their profile. Today, David is joined by his three sons, David O., Chris, and William. Submit a correction suggestion and help us fix it. "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. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. David Thomson has a net worth of $5.09 billion. She receives most of her income from her diverse, well-paying career. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. Thank you for subscribing to the Business Matters Newsletter. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Mr. Thompson changed his businesss 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 O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. 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. Thomson's life is full of color and vibrancy. as a truck driver for Midwest Coast Transport, Inc. completion 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. 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. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. a 7,800-square-foot building to service and sell his used trucks. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. from 8 AM - 9 PM ET. We provide convenient access to multiple locations, premium products, parts and service. Equipment; Master Scuba Diver; Scuba Trips. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. "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. 2014 Thomson Reuters sales reach $12.6 billion for the year. It is the route many of our original customers traveled and on which they continue to operate today. Hints and clues to help you with today's Wordle. as of 2/28/23 . He is from American. 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. All rights reserved. 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. 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 . 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 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. 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. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. . I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". As of February 2023, David Thomson's net worth is estimated to be roughly $50 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. Over 1,000 Low Everyday Prices, now locked until Easter. 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 Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. Company size: 501-1000 employees. It seems as if no matter the news the stock goes down. The TEC Oakland site was purchased by TEC in 2005. In calculating net worth, Bloomberg . For more information, please visit www.horatioalger.org. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. 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. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. Mr.Thompson and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75thHoratio Alger Award Induction Ceremonies in Washington, D.C. The second generation started working at TEC as teenagers doing menial labor. 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. mba 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 . Mr. Thompson was just 15 years old when he lost his father. 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. Enter the email address you signed up with and we'll email you a reset link. David Thomson's net worth as of February 2023 is a massive $32 billion. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. 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. TEC Equipment raised a total of $5 M in funding over 1 rounds. 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. From a single operator, TEC Equipment, Inc., has grown to one of Oregon's largest private employers and the West's premier leading truck and trailer dealership group. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Real Time Net Worth. 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. 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. 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. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. TEC Equipment was founded in 1976 by David Thompson. 2011 Opened a leasing and parts center in Tacoma, WA. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. 1976 David Thompson founded Thompson Equipment Company. Last Updated: February 2023. Net Worth in 2023: $16 million. 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 Equipment. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. 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. All Rights Reserved. About Us; Staff; Camps; Scuba. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. 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. Meet the Thompson Family. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. We are thrilled to welcome David as a Member.". Keeping low prices, low. Welcome visitor you can state of oregon mileage reimbursement rate 2021 David A. Thompson founded TEC Equipment in 1976. 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. The Thompson sons serve in distinct, complementary roles across many business facets. Review this Movie. 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. Copper Cable Tester. Center for Family Enterprise The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. We have estimated David Thompson's net worth , money, salary, income, and assets. 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. As of 2022, David Thompson's net worth is $1 million. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. Email us, Copyright 2021 Oregon State University Disclaimer. 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. Fake Nationality: The actors playing West Germans Denis and Rainer are from East Germany, while those playing Alex and Arianne are from West Germany, and the actor playing "Sigmund Jhn" is Swiss. Get the latest business insights from Dun & Bradstreet. That perceived safety was incongruent with our family values and ideals, Thompson said. The car he owns is about $20,000. Education . David and Patricia Thompson combined net worth is estimated to be around $10 million USD. Earlier this year, through hard work, she finally reached that goal. David Thompson played his college basketball at NC State and his #44 was retired. "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. 306 people follow this. 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 high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. What About David Thompson Net Worth and Salary in 2023? Swathi Veldandi Design Studio. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. We are thrilled to welcome David as a Member.". "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. 484-385-2913 (office) I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. For more information, please visitwww.horatioalger.org. 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. He was the first white man to explore the Columbia River from source to mouth. David Thompson was born in Shelby, North Carolina in July 1954. Mr. Thompson was just 15 years old when he lost his father. Salary in 2022. 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. Since its founding, TEC has remained a family-owned business. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. 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. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. David Thompson, (born April 30, 1770, London, Eng.died Feb. 10, 1857, Longeuil, Lower Canada [now Quebec]), English explorer, geographer, and fur trader in the western parts of what are now Canada and the United States. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Carly Buggy "I have admired the Association's work for years and I'm continuously impressed by the incredible impact a scholarship from this organization can have on the lives of inspiring young people," said Mr. Thompson. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Description: 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 . Founded: 1976. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. 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. has been selected for membership in this prestigious organization. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. In 2020, he was listed as the wealthiest person in Canada. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. 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. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. 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. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. 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. In order to ease his familys financial burden, This sparked his interest in the automotive industry, , and a year later, he became a junior mechanic at a Chevrolet dealership, After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and. Your wish might as well come true. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Attorney Advertising. Two years later. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. Founded by his three sons, David is now one of the community! 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