TEC Equipment was founded in 1976 by David Thompson. * He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. CONTACT: 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. 2023 Forbes Media LLC. David struggled with drugs and alcohol later in life but eventually got clean. Carly Buggy Founder & Chief Executive Officer at TEC Equipment . As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. Fiber and Copper Multi Tester. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Mr. Thompson was just 15 years old when he lost his father. Theres no partners in the business except myself and my three sons, the elder Thompson said. 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. 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 O graduated with a Bachelors degree in Business Administration from Oregon State University. For more information about the Mack LR Electric, please visit Mack booth No. 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. David Thompson played his college basketball at NC State and his #44 was retired. 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. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. Your wish might as well come true. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. Copper Cable Tester. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . 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. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. 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 . 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. He then started Thompson Equipment Company, buying and selling used trucks. 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. Today, David is joined by his three sons . 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. 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. 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. 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. 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. 99 Canal Center Plaza, Suite 320 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 1976 David Thompson founded 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. as of 2/28/23 . 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. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. a 7,800-square-foot building to service and sell his used trucks. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. 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. Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. In calculating net worth, Bloomberg . TEC Equipment Profile and History . Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. 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. For more information, please visit www.horatioalger.org. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. David A. Thompson founded TEC Equipment in 1976. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. David A. Thompson founded TEC Equipment in 1976. Ikkat Pure Silk Pochampally Lehanga Designs Online 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. He is currently [when?] Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. 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. CONTACT . Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. 2011 Opened a leasing and parts center in Tacoma, WA. 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. Our focused strategy has yielded over 40 years of market share growth and financial stability. David Thomson has a net worth of $5.09 billion. After a year. "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. We are thrilled to welcome David as a Member.". All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. TEC Eurolab Srl. All net worths are calculated using data drawn from public sources. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. 484-385-2913 (office) The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. 2751 SW Jefferson Way 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. 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. Review this Movie. future students 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. Also, the stud is home to four top-class stallions. 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. corporate partners KEY POINTS. "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. 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 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. 1976 David Thompson founded Thompson Equipment Company. As of 2022, David Thompson's net worth is $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. David A. Thompson founded TEC Equipment in 1976. Actor: Win Win. 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. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. 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. 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. Submit a correction suggestion and help us fix it. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. cbuggy@briancom.com, David A. Thompson, President and CEO ofTEC Equipment, Inc.,to Receive 2022 Horatio Alger Award, 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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. 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. At TEC, leadership positions are earned, not given. 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. Mr. Thompson was just 15 years old when he lost his father. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . TEC Equipment has focused its growth strategy along the Interstate 5 corridor. That perceived safety was incongruent with our family values and ideals, Thompson said. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. News, articles, and interesting stuff from the College of Business. 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. Thomson is the co-chairman of Woodbridge, the . David Thompson was born in Shelby . He pledged $5 million to Legacy Health for the construction of, Oregon Harbor of Hope and the Oregon Food Bank, Oregon State University Foundation Board of Trustees, dian Park Medical Foundations Board and a 2018 recipient of, Because it is not just a scholarship it comes with a, them. . Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. a UEFA A and B licensed coach working towards his professional licence. David A. Thompson founded TEC Equipment in 1976. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. 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. The safe play was to pass, Thompson recalled. He then started Thompson Equipment Company, buying and selling used trucks. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. 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 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Gavin Newsom (D) blocked the move. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . Copper Cable Tester. 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. Fax: 541-737-4890, Phone: 541-737-2551 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. David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. What About David Thompson Net Worth and Salary in 2023? 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Description: TEC Equipment was founded in 1976 by David Thompson. 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. Sep 1976 - Present46 years 6 months. Horatio Alger Award Induction Ceremonies in Washington, D.C. 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. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. "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. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. 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. 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. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. Long Dress made out of Managalagiri saree. The second generation started working at TEC as teenagers doing menial labor. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. Home. David O. has 1 job listed on their profile. 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. 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. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. 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. 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. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. David discovered his talents for acting in middle school when he was recommended to audition for a play. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. For more information, please visit www.horatioalger.org. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. When not buried in data, William takes to the sky, flying following in his fathers footsteps in more ways than one, having obtained his pilots license and enjoying flying planes. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 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. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. awards Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Outside of work, he enjoys skiing, traveling, boating and cycling. It is the route many of our original customers traveled and on which they continue to operate today. Education . 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. Mr. Thompson wasjust15 years old when he lost his father. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. $1 Million - $5 Million. 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. 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. For more information, please visitwww.horatioalger.org. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. 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. Net Worth in 2022. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. As the West's leading full-service truck and trailer . He then started Thompson Equipment Company, buying and selling used trucks. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Thank you for subscribing to the Business Matters Newsletter. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Industry: Vehicle Dealers. 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. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. Net Worth in 2023: $16 million. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. 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. Alexandria, VA 22314. 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. Net Worth is calculated using the formula given below. David Thompson, 62, grew up in Shelby and played high school ball at Crest. Equipment; Master Scuba Diver; Scuba Trips. College news All rights reserved. He then started Thompson Equipment Company, buying and selling used trucks. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. . Oregon business 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. Benzinga does not provide investment advice. Portland, Oregon Area. 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. The Association administers more than 70 undergraduate and graduate need-based scholarship programs. Find low prices. However, his family is the richest family in Canada with $35 billion combined fortune. ALL RIGHTS RESERVED. 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 I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars., 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. 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