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. 2011 Opened a leasing and parts center in Tacoma, WA. "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. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. Under Review. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. The second generation started working at TEC as teenagers doing menial labor. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. Keeping low prices, low. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. David Thompson was born in Shelby, North Carolina in July 1954. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. 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. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. Portland, Oregon Area. We welcome all corrections and feedback using the button below. Sep 1976 - Present46 years 6 months. 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. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. 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. 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. 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. Horatio Alger Association of Distinguished Americans, Inc. http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html, Do Not Sell My Personal Data/Privacy Policy. David A. Thompson founded TEC Equipment in 1976. 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. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. student programs at Portland State University. 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. 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. by Sabine Bickford. 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. Welcome visitor you can state of oregon mileage reimbursement rate 2021 Headquartered in Portland, Oregon, TEC. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. David Thompson founded TEC Equipment in 1976. 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. David Thompson played his college basketball at NC State and his #44 was retired. He is from American. 1998 Acquired the Mack Ontario, CA franchise. Submit a correction suggestion and help us fix it. "It was clear from their nomination that David Thompson and his team at TEC have made a commitment to their employees and the communities they serve," said Jason Cannon, Successful Dealer online editor. TEC Equipment was founded in 1976 by David Thompson. 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. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. We are thrilledto welcomeDavidas a Member.. 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. For more information, please visitwww.horatioalger.org. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. 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. Sign up for our newsletter for updates on new parts specials, job offers, and more. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Founder & Chief Executive Officer at TEC Equipment . As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. Benzinga does not provide investment advice. But coasting on the confidence of what had previously been built is not the TEC way. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. Phone: 541-737-2551 For more information, please visit www.horatioalger.org. We are thrilled to welcome David as a Member.". In this third program of the Family Business Study Group Series, we heard from David Thompson, CEO of TEC Equipment, Inc., and each of his sons about how his focused strategy has yielded over 30 years of profitability, market share growth, and financial stability and the planning that has supported this growth. 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 Oregon business PADI Discover Tec; PADI Tec 40; PADI Tec 45; PADI TEC 50; Pro; Contact Us; Calendar; Store; February 27, 2023 By palmetto state law enforcement officers association. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Net worth is the amount by which assets exceed liabilities. 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. 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. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. 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. 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. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. 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. 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. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. Copper Cable Tester. 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. 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. 1999 Acquired the Mack Los Angeles, CA franchise. 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. 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. 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 Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. TEC Equipment. 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. All rights reserved. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. 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. It is the route many of our original customers traveled and on which they continue to operate today. Your wish might as well come true. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Attorney Advertising. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. 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. Our expansion from a single used truck center in Portland, Oregon to 30+ truck and trailer dealerships in over 20 cities across Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota is a tribute to this. cbuggy@briancom.com, David A. Thompson, President and CEO ofTEC Equipment, Inc.,to Receive 2022 Horatio Alger Award, 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. Earlier this year, through hard work, she finally reached that goal. "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. 1996-2022 Davis Wright Tremaine LLP. Welcome visitor you can state of oregon mileage reimbursement rate 2021 CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. 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. 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. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. TEC Equipment is a Motor Vehicles, Transportation, and Retail company located in Portland, Oregon with $274.00 Million in revenue and 516 employees. 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. Net worth can be computed using the following formula: Net Worth = Assets - Liabilities If a person or company owns assets that are greater than liabilities, it is said to show a positive net worth. 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 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. a UEFA A and B licensed coach working towards his professional licence. Founded: 1976. 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. 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. For more information about Horatio Alger Association and its Member Class of 2022, please visit, 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. Outside of work, he enjoys skiing, traveling, boating and cycling. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. A few school productions and original local theater pieces later, David began to audition for student films in New York. David Thompson was born in Shelby . TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? ALL RIGHTS RESERVED. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. "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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Salary in 2022. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. He was also named college national player of the year in 1975 and was a three time ACC Player of the Year and consensus first-team All-American. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Since its founding, TEC has remained a family-owned business. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Ikkat Pure Silk Pochampally Lehanga Designs Online 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. 306 people follow this. 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