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. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. 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. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. 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. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). The hype around AI has everyone reconsidering what the future holds for different industries like programming, journalism, and education. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Email us, Copyright 2021 Oregon State University Disclaimer. Mr. Thompson was just 15 years old when he lost his father. 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 Industry: Vehicle Dealers. It was always important to David that his children played an integral role in shaping the future of TEC. In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. 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. 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. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 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. He then started Thompson Equipment Company, buying and selling used trucks. Net Worth is calculated using the formula given below. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. 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 in 2022. 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. Thomson is the co-chairman of Woodbridge, the . "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. What About David Thompson Net Worth and Salary in 2023? She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. He's arguably N.C. State's greatest basketball player, playing from 1972-75. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. 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. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Enter the email address you signed up with and we'll email you a reset link. has been selected for membership in this prestigious organization. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. from 8 AM - 9 PM ET. Under Review. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. 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 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. David A. Thompson founded TEC Equipment in 1976. 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. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. Our hours have changed We are now closed on Mondays. David Thompson founded TEC Equipment in 1976. David Thompson, 62, grew up in Shelby and played high school ball at Crest. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. For more information, please visit www.horatioalger.org. Through tremendous hard work and the support of many, weve been fortunate to see a phenomenal return, Thompson said. 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. Total Liabilities = $258.6 Bn. "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. David O took an interest in the family business from a young age, working in a variety of roles around the dealerships as a teenager until he joined the company full-time in 2010. "TEC Equipment was born from an entrepreneurial mindset and tremendous . 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 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. 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. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. David A. Thompson founded TEC Equipment in 1976. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Center for Family Enterprise future students student programs at Portland State University. 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. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. We are thrilled to welcome David as a Member.". Net Worth in 2023: $16 million. Oregon business After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. 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. Description: TEC Equipment was founded in 1976 by David Thompson. However, his family is the richest family in Canada with $35 billion combined fortune. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. 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. He currently resides in Shelby, North Carolina, USA. All Rights Reserved. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. 306 people follow this. 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. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. "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. Mr. Thompson was just 15 years old when he lost his father. "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. Since its founding, TEC has remained a family-owned business. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. David Thomson has a net worth of $5.09 billion. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. 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. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. Portland, Oregon Area. Phone: 541-737-2551 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. Last Updated: February 2023. Carly Buggy 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. 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. Thank you for subscribing to the Business Matters Newsletter. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. TEC Equipment Profile and History . TEC Equipment Jun 2010 - May 2013 3 years. a 7,800-square-foot building to service and sell his used trucks. 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. David Thomson is the Chairman of the Thomson Reuters . All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. steve thompson bethel . I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Founded: 1976. 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. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. Review this Movie. Reflects change since 5 pm ET of prior trading day. 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 . 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. 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. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. For more information about the Mack LR Electric, please visit Mack booth No. It is the route many of our original customers traveled and on which they continue to operate today. TEC Eurolab Srl. 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. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. 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. Today, David is joined by his three sons . David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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