"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. 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. 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. But coasting on the confidence of what had previously been built is not the TEC way. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. 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. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. David O. has 1 job listed on their profile. 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 Thompson started buying and selling used trucks out of a small building in Portland in 1976. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. TEC Equipment has grown to become the west's premier, multi-point, full-service truck dealership groups. "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. In calculating net worth, Bloomberg . 2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. 1976 David Thompson founded Thompson Equipment Company. from 8 AM - 9 PM ET. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Mr. Thompson was just 15 years old when he lost his father. 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. 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. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . And the portfolio of investments is $50,000. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. He was a 6'4 shooting guard and small forward who played at Crest High School. 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. 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 few school productions and original local theater pieces later, David began to audition for student films in New York. 484-385-2913 (office) 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. 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. "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. From a single operator, TEC Equipment, Inc., has grown to one of Oregon's largest private employers and the West's premier leading truck and trailer dealership group. 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. 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. If the liabilities are greater than assets, it implies a negative net worth. student success, Oregon State University We are thrilled to welcome David as a Member.". As the West's leading full-service truck and trailer . Swathi Veldandi Design Studio. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. David William Thompson was born to parents George and Leesa in Westchester, New York. 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. 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. Last Updated: February 2023. Thomson is the co-chairman of Woodbridge, the . 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. Thomson's life is full of color and vibrancy. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. He worked through his entire bag which was fun. Education . For more information about TEC Equipment, please visit www.tecequipment.com. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. . Learn more. 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. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. We have estimated David Thompson's net worth , money, salary, income, and assets. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Alexandria, VA 22314. David A. Thompson founded TEC Equipment in 1976. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. 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. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. 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. ALL RIGHTS RESERVED. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. The second generation started working at TEC as teenagers doing menial labor. XDSL Tester 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. David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. 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. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. He then started Thompson Equipment Company, buying and selling used trucks. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Founder & Chief Executive Officer at TEC Equipment . "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. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Prior results do not guarantee a similar outcome. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. 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. Reflects change since 5 pm ET of prior trading day. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. 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. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. Our hours have changed We are now closed on Mondays. He is currently [when?] Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. 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. 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