TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. David is now joined by his three sons, David O, Chris and William. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. TEC Equipment's CEO is David Thompson Who is the CFO of 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. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Salary in 2022. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. 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. "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. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Net Worth in 2022. 2019 Opened Mack and Wabash dealership in San Diego, CA. When typing in this field, a list of search results will appear and be automatically updated as you type. 2023 Forbes Media LLC. "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. 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. It was always important to David that his children played an integral role in shaping the future of TEC. For more information, please visit www.horatioalger.org. Fiber and Copper Multi Tester. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. Portland, Oregon Area. 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. The car he owns is about $20,000. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 View David O. Thompson's profile on LinkedIn, the world's largest professional community. 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. 1976 David Thompson founded Thompson Equipment Company. We are thrilled to welcome David as a Member.". TEC Equipment. 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. 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. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Submit a correction suggestion and help us fix it. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. She also starred as Kathryn Kennish in the drama television series Switched at Birth from . Thomson is the co-chairman of Woodbridge, the . 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. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. KEY POINTS. 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. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. 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. The second generation started working at TEC as teenagers doing menial labor. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. 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. I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. It is the route many of our original customers traveled and on which they continue to operate today. 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. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 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. David A. Thompson founded TEC Equipment in 1976. 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. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . That perceived safety was incongruent with our family values and ideals, Thompson said. Founded: 1976. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. Ikkat Pure Silk Pochampally Lehanga Designs Online TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? TEC Eurolab Srl. 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. 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. 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. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. 2014 Thomson Reuters sales reach $12.6 billion for the year. Mr. Thompson was just 15 years old when he lost his father. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. 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 7,800-square-foot building to service and sell his used trucks. A consistent increase . Lea Thompson is a popular actress, director, and television producer from America. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. In the past decade, Thompson was joined by his three sons, who have become owners. He then started Thompson Equipment Company, buying and selling used trucks. A people-person to his core, Chris was drawn to sales roles from the start, exploring used truck purchasing, new truck sales and now serving as regional sales manager. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. He is currently [when?] Net Worth in 2023: $16 million. He was a 6'4 shooting guard and small forward who played at Crest High School. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. Also, the stud is home to four top-class stallions. family business 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. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. David O graduated with a Bachelors degree in Business Administration from Oregon State University. Total Liabilities = $258.6 Bn. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 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. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. Get the latest business insights from Dun & Bradstreet. 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. 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. Earlier this year, through hard work, she finally reached that goal. awards 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. . 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. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. In 2020, he was listed as the wealthiest person in Canada. as of 2/28/23 . David Thompson, 62, grew up in Shelby and played high school ball at Crest. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. a UEFA A and B licensed coach working towards his professional licence. 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 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Carly Buggy Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. For more information, please visit www.horatioalger.org. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. David A. Thompson founded TEC Equipment in 1976. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. David discovered his talents for acting in middle school when he was recommended to audition for a play. 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. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. She receives most of her income from her diverse, well-paying career. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. 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. He then started Thompson Equipment Company, buying and selling used trucks. David A. Thompson founded TEC Equipment in 1976. Copper Cable Tester. For more information, please visitwww.horatioalger.org. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. 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 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. All rights reserved. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. 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. Net worth is the amount by which assets exceed liabilities. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. 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. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth.