Phone: 541-737-2551 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. 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. Corvallis, Oregon 97331 David Thompson founded TEC Equipment in 1976. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? Last Updated: February 2023. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. Equipment; Master Scuba Diver; Scuba Trips. 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. If the liabilities are greater than assets, it implies a negative net worth. All net worths are calculated using data drawn from public sources. 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. As of 2022, David Thompson's net worth is $1 million. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. 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 calculating net worth, Bloomberg . 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. Gavin Newsom (D) blocked the move. 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. CONTACT: 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. 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. 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. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. 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. Email us, Copyright 2021 Oregon State University Disclaimer. The hype around AI has everyone reconsidering what the future holds for different industries like programming, journalism, and education. 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 . Mr. Thompson was just 15 years old when he lost his father. Two years later. We are thrilled to welcome David as a Member.". 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. A negative net worth suggests there are parts of your financial life you. 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. Sign up for our newsletter for updates on new parts specials, job offers, and more. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. David discovered his talents for acting in middle school when he was recommended to audition for a play. Home. 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. Outside of work, he enjoys skiing, traveling, boating and cycling. TEC Equipment. "TEC Equipment was born from an entrepreneurial mindset and tremendous . Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. Fiber and Copper Multi Tester. 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. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. 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. 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. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. Keeping low prices, low. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Horatio Alger Association of Distinguished Americans, Inc. Frederic B. Luddy, Founder of ServiceNow, to Receive 2023 Horatio Alger Award, Michele Y. Kang, Owner of the Washington Spirit, Founder and CEO of Cognosante, to Receive 2023 Horatio Alger Award. 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. 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. Alexandria, VA 22314. 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. 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. Mr. Thompson was just 15 years old when he lost his father. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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 2014 Thomson Reuters sales reach $12.6 billion for the year. TEC Equipment Jun 2010 - May 2013 3 years. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. He is from American. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . a 7,800-square-foot building to service and sell his used trucks. They own Cheveley Park Stud, which is one of the biggest and most successful thoroughbred stud farms in Europe. Net worth is the amount by which assets exceed liabilities. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. 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. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. He also worships the God and participates in all festivals. Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. WASHINGTON, Dec. 10, 2019 /PRNewswire/ --Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced that David A. Thompson, president and CEO of TEC Equipment, Inc., has been selected for membership in this prestigious organization. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Copper Cable Tester. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. 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. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. Review this Movie. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. * Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Find top employees, contact details and business statistics at RocketReach. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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, TEC Equipment, Inc. ranks among Volvos top dealers in North America. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Prior results do not guarantee a similar outcome. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? 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. David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. 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