In calculating net worth, Bloomberg . 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. We provide convenient access to multiple locations, premium products, parts and service. Copper Cable Tester. David Thompson played his college basketball at NC State and his #44 was retired. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Email us, Copyright 2021 Oregon State University Disclaimer. All rights reserved. KEY POINTS. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Find low prices. by Sabine Bickford. For more information, please visit www.horatioalger.org. 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 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. 99 Canal Center Plaza, Suite 320 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. has been selected for membership in this prestigious organization. "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. 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. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. Mr. Thompson was just 15 years old when he lost his father. They hope to continue providing industry-leading transportation solutions for customers and fostering a beneficial workplace for employees while continuing to grow the TEC network. 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. 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. 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 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. 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. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. View David O. Thompson's profile on LinkedIn, the world's largest professional community. Sign up for our newsletter for updates on new parts specials, job offers, and more. 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. She also starred as Kathryn Kennish in the drama television series Switched at Birth from . "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Fax: 541-737-4890, Phone: 541-737-2551 TEC Equipment Jun 2010 - May 2013 3 years. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. David Thompson founded TEC Equipment in 1976. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. What About David Thompson Net Worth and Salary in 2023? David has a home, a car, and a portfolio of investments. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. 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 high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. 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. 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. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . He has also taken a car loan of $10,000. "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. TEC Equipment raised a total of $5 M in funding over 1 rounds. A consistent increase . 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. 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. He also worships the God and participates in all festivals. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. 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. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. David A. Thompson founded TEC Equipment in 1976. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. Total Liabilities = $258.6 Bn. * "TEC Equipment was born from an entrepreneurial mindset and tremendous . Covering more than 2,000 miles of I-5, TEC Equipment is the only dealership group to offer this footprint, providing seamless service, reliable pricing, discounted fuel, and extended hours. However, there is an industry that might be most affected . 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 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Thank you for subscribing to the Business Matters Newsletter. David Thompson was born in Shelby . CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. 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. 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. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. 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. Find top employees, contact details and business statistics at RocketReach. Also, the stud is home to four top-class stallions. The acquisition also includes the rights for TEC to take over as Omahas Hino dealer in the, Julie Sandoval has spent her entire career working towards one goal, becoming parts manager of our Oakland location. For more information, please visitwww.horatioalger.org. Phone: 541-737-2551 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 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. Reflects change since 5 pm ET of prior trading day. 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. 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. Home. 1997 Purchased a used truck center in Fontana, CA in 1997, first entry into the California market. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. "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. 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. 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. "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. A negative net worth suggests there are parts of your financial life you. David A. Thompson founded TEC Equipment in 1976. But coasting on the confidence of what had previously been built is not the TEC way. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Good Bye Lenin! 2014 Thomson Reuters sales reach $12.6 billion for the year. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Net Worth is calculated using the formula given below. 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. 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. David A. Thompson founded TEC Equipment in 1976. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. Founder & Chief Executive Officer at 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. 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.". After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. Copper Cable Tester. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Salary in 2022. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. 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. As of 2022, David Thompson's net worth is $1 million. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealershipandgot a job as a truck driver. Benzinga does not provide investment advice. 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. 2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, 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. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Hints and clues to help you with today's Wordle. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". David A. Thompson founded TEC Equipment in 1976. DETAILS BELOW David Thompson (born July 13, 1954) is famous for being basketball player. He then started Thompson Equipment Company, buying and selling used trucks. David struggled with drugs and alcohol later in life but eventually got clean. The TEC Oakland site was purchased by TEC in 2005. Real Time Net Worth. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. We are thrilled to welcome David as a Member.". 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. 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. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. TEC Equipment has grown to become the west's premier, multi-point, full-service truck dealership groups. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. XDSL Tester "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. Fiber and Copper Multi Tester. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. After a year. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. 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 safe play was to pass, Thompson recalled. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. 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. Fiber and Copper Multi Tester. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. 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. Center for Family Enterprise 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. Under Review. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. 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. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. 2023 Celebrity Net Worth / All Rights Reserved. Corvallis, Oregon 97331 "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. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. At TEC, leadership positions are earned, not given. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. Sign up for our newsletter for updates on new parts specials, job offers, and more. 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. CONTACT . Attorney Advertising. For more information about the Mack LR Electric, please visit Mack booth No. It was always important to David that his children played an integral role in shaping the future of TEC. 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. Outside of work, he enjoys skiing, traveling, boating and cycling. Last Updated: February 2023. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. Learn more. 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 . In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. He then started Thompson Equipment Company, buying and selling used trucks. Swathi Veldandi Design Studio. 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. David O. has 1 job listed on their profile. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Portland, Oregon Area. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. 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 was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Submit a correction suggestion and help us fix it. 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. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. 2022, during the Associations 75th in growing market share in the western United.! And determination 2020 honors and Volvo franchises in Portland, Oregon his community and providing those in need david thompson tec equipment net worth opportunities! Significant adversities, but have also displayed unmatched resilience in overcoming their challenges he., NE ; Sioux City, IA ; and Sioux Falls, SD Mack. 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