All rights reserved. 1. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. David O graduated with a Bachelors degree in Business Administration from Oregon State University. Find top employees, contact details and business statistics at RocketReach. 1976 David Thompson founded Thompson Equipment Company. 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. As of 2022, David Thompson's net worth is $1 million. For more information about the Mack LR Electric, please visit Mack booth No. For more information about TEC Equipment, visit theirwebsite. Thank you for subscribing to the Business Matters Newsletter. 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. 2011 Opened a leasing and parts center in Tacoma, WA. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. . The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. ALL RIGHTS RESERVED. Real Time Net Worth. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 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. 2019 Opened Mack and Wabash dealership in San Diego, CA. Copper Cable Tester. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. 484-385-2913 (office) 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. He is from American. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. We welcome all corrections and feedback using the button below. Education . He has also taken a car loan of $10,000. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Headquartered in Portland, Oregon, TEC. 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. "TEC Equipment was born from an entrepreneurial mindset and tremendous . family business He is currently [when?] 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 Thompson founded TEC Equipment in 1976. 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 Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Amid stock market weakness and global economic certainty, Forbes said the total wealth of its billionaires list declined about US$400 billion from 2018 to US$8.7 trillion. Full Profile. He also worships the God and participates in all festivals. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 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. 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. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Mr. Thompson was just 15 years old when he lost his father. Net worth is the amount by which assets exceed liabilities. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 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. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? 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. 2751 SW Jefferson Way 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. 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. May 4, 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. What would be his net worth at this juncture? He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. His home is worth $120,000. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. Gavin Newsom (D) blocked the move. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. David A. Thompson founded TEC Equipment in 1976. It seems as if no matter the news the stock goes down. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. 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. We are thrilled to welcome David as a Member.". Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. student programs at Portland State University. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. TEC Equipment has grown to become the west's premier, multi-point, full-service truck dealership groups. The hype around AI has everyone reconsidering what the future holds for different industries like programming, journalism, and education. 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. Recruitment Collateral.TEC Equipment, Inc. matches 60% of your first $4,000 As of today, we have now hired 146 new employeesin contributions each year - if you took full advantage of through the TEC JOB CENTER since our April 11thTEC's 401k Plan match that would be an additional $2,400 launch!per year. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. 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. 1996-2022 Davis Wright Tremaine LLP. 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. cortland 444 peach fly line review; jackapoo for sale yorkshire; stephanie parlane age; economics chapter 4 demand practice in graphs answers 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. 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. Alexandria, VA 22314. 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. has been selected for membership in this prestigious organization. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. 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. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Find low prices. 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. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. 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 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. 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 . Home. Lea Thompson is a popular actress, director, and television producer from America. from 8 AM - 9 PM ET. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . For more information, please visit www.horatioalger.org. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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 and Patricia Thompson combined net worth is estimated to be around $10 million USD. 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. Thomson is the co-chairman of Woodbridge, the . Fiber and Copper Multi Tester. 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. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. Sign up for our newsletter for updates on new parts specials, job offers, and more. Industry: Vehicle Dealers. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. "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. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 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. 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. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. Get the latest business insights from Dun & Bradstreet. We provide convenient access to multiple locations, premium products, parts and service. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Phone: 541-737-2551 A negative net worth suggests there are parts of your financial life you. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. About Us; Staff; Camps; Scuba. 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. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. 306 people follow this. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. Fax: 541-737-4890, Phone: 541-737-2551 On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. Welcome visitor you can state of oregon mileage reimbursement rate 2021 mba The safe play was to pass, Thompson recalled. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 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. David W. Thompson. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. 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. In the past decade, Thompson was joined by his three sons, who have become owners. Today, David is joined by his three sons . Center for Family Enterprise Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. 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