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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. 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. David William Thompson was born to parents George and Leesa in Westchester, New York. 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. by Sabine Bickford. Good Bye Lenin! On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. David A. Thompson founded TEC Equipment in 1976. 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. And the portfolio of investments is $50,000. "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. He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. 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. The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. Covering more than 2,000 miles of I-5, TEC Equipment is the only dealership group to offer this footprint, providing seamless service, reliable pricing, discounted fuel, and extended hours. "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. 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. Company size: 501-1000 employees. Our focused strategy has yielded over 40 years of market share growth and financial stability. Carly Buggy During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. He also worships the God and participates in all festivals. "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. 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. The TEC Oakland site was purchased by TEC in 2005. 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. All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. 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. Long Dress made out of Managalagiri saree. 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. Since its founding, TEC has remained a family-owned business. 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. David struggled with drugs and alcohol later in life but eventually got clean. 2014 Thomson Reuters sales reach $12.6 billion for the year. TEC Equipment has grown to become the west's premier, multi-point, full-service truck dealership groups. 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. Welcome visitor you can state of oregon mileage reimbursement rate 2021 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. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. 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 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 Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. 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. "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 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. "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. 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. Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. In 2008, he became the chairman of the merged entity, Thomson Reuters. David Thompson's income source is mostly from being a successful Player. 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. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . That perceived safety was incongruent with our family values and ideals, Thompson said. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. David Thompson played his college basketball at NC State and his #44 was retired. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. Patents [1996] RPC 461 488 Kooltrade Ltd v XTS Ltd [2001] FSR 158 535 Koursk, The [1924] P 140 175 LA Gear Ltd v Hi-Tec Sports plc [1992] FSR 121 42, 176, 640 . TEC Equipment Profile and History . Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. It was always important to David that his children played an integral role in shaping the future of TEC. All Rights Reserved. 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. Outside of work, he enjoys skiing, traveling, boating and cycling. 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. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. In calculating net worth, Bloomberg . 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. 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. Last Updated: February 2023. 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. Actor: Win Win. 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. Email us, Copyright 2021 Oregon State University Disclaimer. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. 99 Canal Center Plaza, Suite 320 In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. 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. 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. Copper Cable Tester. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. 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. Today, David is joined by his three sons . In 2020, he was listed as the wealthiest person in Canada. 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. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. "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. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. It seems as if no matter the news the stock goes down. 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. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Horatio Alger Award Induction Ceremonies in Washington, D.C. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. 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. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. Phone: 541-737-2551 "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 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. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. 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 . 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. What About David Thompson Net Worth and Salary in 2023? I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". mba Get the latest business insights from Dun & Bradstreet. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. 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. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? 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. 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. 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. "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. 2023 Forbes Media LLC. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. DETAILS BELOW David Thompson (born July 13, 1954) is famous for being basketball player. 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. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. 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. The Association administers more than 70 undergraduate and graduate need-based scholarship programs. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. David has a home, a car, and a portfolio of investments. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Our hours have changed We are now closed on Mondays. 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. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. CONTACT . He was a 6'4 shooting guard and small forward who played at Crest High School. 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. Meet the Thompson Family. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. He is from American. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. . For more information, please visitwww.horatioalger.org. 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. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Find top employees, contact details and business statistics at RocketReach. 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