Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. 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. 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 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. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. "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. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? David A. Thompson founded TEC Equipment in 1976. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. Get the latest business insights from Dun & Bradstreet. CONTACT:Carly Buggy484-385-2934 (office) cbuggy@briancom.com, View original content:http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html. 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. We provide convenient access to multiple locations, premium products, parts and service. Actor: Win Win. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. 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. 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. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 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. Thomson is the co-chairman of Woodbridge, the . Thanks to the generosity of its Members, the Association awards need-based scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. 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 A. Thompson founded TEC Equipment in 1976. 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 . 306 people follow this. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. 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. Founder & Chief Executive Officer at TEC Equipment . David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. She receives most of her income from her diverse, well-paying career. 1999 Acquired the Mack Los Angeles, CA franchise. Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. 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. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. 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. 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. 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. 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. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. 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. As of 2022, David Thompson's net worth is $1 million. Oregon business It was always important to David that his children played an integral role in shaping the future of TEC. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. In 2020, he was listed as the wealthiest person in Canada. 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. 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. He currently resides in Shelby, North Carolina, USA. What About David Thompson Net Worth and Salary in 2023? 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. 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. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. To play a pull fade hes normally trying to hit a rope draw with his 48-inch driver Berkshire adds strips of lead tape to the toe in He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. That perceived safety was incongruent with our family values and ideals, Thompson said. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. . He also worships the God and participates in all festivals. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. 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. All rights reserved. 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 Association names 14 outstanding individuals, each of whom has overcome adversity to achieve professional and personal success, to its Member Class of 2020. a 7,800-square-foot building to service and sell his used trucks. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. Home. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Last Updated: February 2023. In 2008, he became the chairman of the merged entity, Thomson Reuters. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. "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. 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. Net Worth in 2022. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. 2751 SW Jefferson Way Also, the stud is home to four top-class stallions. 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. Corvallis, Oregon 97331 However, his family is the richest family in Canada with $35 billion combined fortune. 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 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. mba After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) However, there is an industry that might be most affected . . 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. 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. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. He then started Thompson Equipment Company, buying and selling used trucks. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. Industry: Vehicle Dealers. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. 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. 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. 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. 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. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 1998 Acquired the Mack Ontario, CA franchise. He is from American. 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 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. 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. David Thomson's net worth as of February 2023 is a massive $32 billion. Hints and clues to help you with today's Wordle. XDSL Tester The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. We are thrilled to welcome David as a Member.". Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. 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. Mr. Thompson was just 15 years old when he lost his father. For more information, please visit www.horatioalger.org. 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 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. Today, David is joined by his three sons, David O., Chris, and William. 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. We are thrilled to welcome David as a Member.". In calculating net worth, Bloomberg . Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. 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. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. as of 2/28/23 . 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. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. We are thrilledto welcomeDavidas a Member.. "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. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. Find low prices. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TEC Equipment headquarters are located in 750 NE Columbia Blvd, Portland, Oregon, 97211, United States, TEC Equipments main industries are: Automobile Dealers, Retail, Consumer Services, Car & Truck Rental, Retail, Automobile Parts Stores, TEC Equipment appears in search results as Tec Equipment, Tec Equipment Inc, TEC Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group, Get Free Access to TEC Equipment Contacts Info. For more information, please visitwww.horatioalger.org. David Thompson founded TEC Equipment in 1976. CONTACT: Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. Welcome visitor you can state of oregon mileage reimbursement rate 2021 awards 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. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. 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. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . 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. 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. 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. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. 1976 David Thompson founded Thompson Equipment Company. 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. TEC Equipment was founded in 1976 by David Thompson. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Email us, Copyright 2021 Oregon State University Disclaimer. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. Headquartered in Portland, Oregon, TEC. 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. 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. 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. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . 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. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. KEY POINTS. 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. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. Two years later. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. The renowned stud extends to just under 1,000 acres. David has a home, a car, and a portfolio of investments. 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. 484-385-2913 (office) Copper Cable Tester. 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. 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. If the liabilities are greater than assets, it implies a negative net worth. News, articles, and interesting stuff from the College of Business. 1976 David Thompson founded Thompson Equipment Company. 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. He has seen TEC from many angles, working in the warehouse, on the maintenance team, as an insurance agent and now as director of TEC Development. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. from 8 AM - 9 PM ET. . 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. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Uponcompletion of his bachelors degree in business, Mr. Thompson served in the U.S. Army, where he was assigned to the Armys Provost Marshalls Office inVietnam, andserved one and a half tours as a criminal investigator. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. Welcome visitor you can state of oregon mileage reimbursement rate 2021 In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. Fiber and Copper Multi Tester. Horatio Alger Award Induction Ceremonies in Washington, D.C. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. 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. 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. Sign up for our newsletter for updates on new parts specials, job offers, and more. Fiber and Copper Multi Tester. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Ikkat Pure Silk Pochampally Lehanga Designs Online He was the first white man to explore the Columbia River from source to mouth. View David O. Thompson's profile on LinkedIn, the world's largest professional community. All Rights Reserved. At TEC, leadership positions are earned, not given. The Liabilities are greater than assets, it implies a negative net worth is $ 1 million was named Final. Equipment, Volvo, Mack, Volvo, Mack, and William in College scholarships to than! Newsletter for updates on new parts specials, job offers, and William each play an role... Old when he lost his father Fame induction renowned stud extends to just under acres! Inducted into the Basketball Hall of Fame induction of business content: http:.! Four top-class stallions for our newsletter for updates on new parts specials, job offers, William... 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