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. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . Outside of work, he enjoys skiing, traveling, boating and cycling. David W. Thompson. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. TEC Eurolab Srl. After a year. Full Profile. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. Reflects change since 5 pm ET of prior trading day. In the past decade, Thompson was joined by his three sons, who have become owners. For more information, please visitwww.horatioalger.org. The TEC network consisted of 28 locations across five states until in 2022, TEC made its first foray into the Midwest, acquiring four Volvo dealership locations in Nebraska, Iowa and South Dakota. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. David Thomson is the Chairman of the Thomson Reuters . David Thompson founded TEC Equipment in 1976. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Mr. Thompson was just 15 years old when he lost his father. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. David William Thompson was born to parents George and Leesa in Westchester, New York. TEC Equipment raised a total of $5 M in funding over 1 rounds. 99 Canal Center Plaza, Suite 320 2014 Thomson Reuters sales reach $12.6 billion for the year. 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. He then started Thompson Equipment Company, buying and selling used trucks. 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. 2751 SW Jefferson Way SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. 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. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. Over the years we have formed a strong Best Business Partner relationship which has benefited each other and enabled TEC Equipment to provide first class customer service throughout the corridor. 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. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. For more information, please visit www.horatioalger.org. Thomson is the co-chairman of Woodbridge, the . Net Worth in 2022. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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. We welcome all corrections and feedback using the button below. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.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. David A. Thompson founded TEC Equipment in 1976. Sign up for our newsletter for updates on new parts specials, job offers, and more. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. In calculating net worth, Bloomberg . Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. 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. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. David A. Thompson founded TEC Equipment in 1976. Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. He then started Thompson Equipment Company, buying and selling used trucks. . When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Benzinga does not provide investment advice. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . future students David Thompson was born in Shelby . Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. View David O. Thompson's profile on LinkedIn, the world's largest professional community. 1998 Acquired the Mack Ontario, CA franchise. 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. Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. 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. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. 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. awards Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. The second generation started working at TEC as teenagers doing menial labor. Mr. Thompson was just 15 years old when he lost his father. 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 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. 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. "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. He was the first white man to explore the Columbia River from source to mouth. About Us; Staff; Camps; Scuba. May 4, 2022. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . The family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. 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. 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 . We are thrilledto welcomeDavidas a Member.. Company size: 501-1000 employees. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. 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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. 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. 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. 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. David Thompson founded TEC Equipment in 1976. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. 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. Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? Get the latest business insights from Dun & Bradstreet. Over 1,000 Low Everyday Prices, now locked until Easter. Oregon business Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. Sign up for our newsletter for updates on new parts specials, job offers, and more. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. Together, TEC Equipment, Volvo, Mack, and Wabash have made significant inroads in growing market share in the western United States. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? 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. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. family business 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. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 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. Our hours have changed We are now closed on Mondays. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. 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. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. 1. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. Sep 1976 - Present46 years 6 months. 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. 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. "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. 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. 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. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Ikkat Pure Silk Pochampally Lehanga Designs Online For more information about TEC Equipment, please visit www.tecequipment.com. 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. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. * Fax: 541-737-4890, Phone: 541-737-2551 The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. 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. Learn more. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". It is the route many of our original customers traveled and on which they continue to operate today. The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. XDSL Tester 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. In 2008, he became the chairman of the merged entity, Thomson Reuters. 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. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. The Thompson sons serve in distinct, complementary roles across many business facets. WASHINGTON, D.C. 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 thatDavid A. Thompson,president and CEO ofTEC Equipment, Inc.,has been selected for membership in this prestigious organization. Methodology: the Bloomberg Billionaires Index is a daily ranking of the Thomson Reuters reach! 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