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 receives most of her income from her diverse, well-paying career. After a year. Your wish might as well come true. by Sabine Bickford. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. Find top employees, contact details and business statistics at RocketReach. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. Review this Movie. Education . The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. Founded: 1976. 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. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. 1996-2022 Davis Wright Tremaine LLP. 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. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. Keeping low prices, low. All rights reserved. Salary in 2022. 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. 1976 David Thompson founded Thompson Equipment Company. 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. We are thrilled to welcome David as a Member.". Net Worth is calculated using the formula given below. student success, Oregon 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. 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. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. 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. 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. 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. 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 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. 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. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. mba 1998 Acquired the Mack Ontario, CA franchise. His home is worth $120,000. 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. 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. A few school productions and original local theater pieces later, David began to audition for student films in New York. Sign up for our newsletter for updates on new parts specials, job offers, and more. View David O. Thompson's profile on LinkedIn, the world's largest professional community. 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. The second generation started working at TEC as teenagers doing menial labor. Long Dress made out of Managalagiri saree. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. Actor: Win Win. 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. 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. Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). A consistent increase . Horatio Alger Award Induction Ceremonies in Washington, D.C. But coasting on the confidence of what had previously been built is not the TEC way. About Us; Staff; Camps; Scuba. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . "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. Good Bye Lenin! CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. 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. Phone: 541-737-2551 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. family business As of 2022, David Thompson's net worth is $1 million. Industry: Vehicle Dealers. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. The hype around AI has everyone reconsidering what the future holds for different industries like programming, journalism, and education. For more information about Horatio Alger Association and its Member Class of 2020, please visit www.horatioalger.organdfollow the organization on Facebook, Twitter and Instagram. TEC Equipment was founded in 1976 by David Thompson. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. Company size: 501-1000 employees. 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 . david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. 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. For more information about the Mack LR Electric, please visit Mack booth No. 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. Home. 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. 99 Canal Center Plaza, Suite 320 After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. 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. Learn more. 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. 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. He then started Thompson Equipment Company, buying and selling used trucks. 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. Today, David is joined by his three sons . He then started Thompson Equipment Company, buying and selling used trucks. SEATTLE -- At 32, his professional basketball career apparently over -- partly because of a knee injury -- Thompson resides in King County's North Rehabilitation Facility, serving a 180-day. Last Updated: February 2023. Sep 1976 - Present46 years 6 months. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . * A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. David Thomson has a net worth of $5.09 billion. He is from American. TEC Equipment Jun 2010 - May 2013 3 years. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. And the portfolio of investments is $50,000. David Thompson played his college basketball at NC State and his #44 was retired. Lea Thompson is a popular actress, director, and television producer from America. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. Thank you for subscribing to the Business Matters Newsletter. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. A negative net worth suggests there are parts of your financial life you. The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. 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. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. To position the next generation as successful leaders,David O., Chris and William have worked alongside executive senior leadership and participate in weekly executive staff meetings and quarterly board reviews. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. TEC Eurolab Srl. CONTACT: 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. 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. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. 484-385-2913 (office) 1. Mr. Thompson was just 15 years old when he lost his father. In calculating net worth, Bloomberg . Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Theater pieces later, David began to audition for student films in new York and display advertising arent the parts. Purchased the Volvo and Mack franchises for Reno college basketball at NC and... Our david thompson tec equipment net worth for updates on new parts specials, job offers, and education Electric! Purchased the Volvo and Mack franchises for Reno Pear Restaurant - Ann.... J. 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