"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. We are thrilled to welcome David as a Member.". 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. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Hints and clues to help you with today's Wordle. The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. David O graduated with a Bachelors degree in Business Administration from Oregon State University. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. Full Profile. Company size: 501-1000 employees. Outside of work, he enjoys skiing, traveling, boating and cycling. We are thrilled to welcome David as a Member.". Copper Cable Tester. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. 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. 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. 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. . CONTACT:Carly Buggy484-385-2934 (office) cbuggy@briancom.com, View original content:http://www.prnewswire.com/news-releases/david-a-thompson-president-and-ceo-of-tec-equipment-inc-to-receive-2020-horatio-alger-award-300972345.html. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. 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. 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. For more information, please visit www.horatioalger.org. . 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. David Thomson is the Chairman of the Thomson Reuters . Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. 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. Sep 1976 - Present46 years 6 months. 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 . 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. For more information about Horatio Alger Association and its Member Class of 2022, please visit www.horatioalger.organdfollow the organization onFacebook,TwitterandInstagram. However, there is an industry that might be most affected . 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. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. 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. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 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. Good Bye Lenin! He then started Thompson Equipment Company, buying and selling used trucks. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? 2014 Thomson Reuters sales reach $12.6 billion for the year. ALL RIGHTS RESERVED. David struggled with drugs and alcohol later in life but eventually got clean. 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. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. 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. 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. David A. Thompson founded TEC Equipment in 1976. As the West's leading full-service truck and trailer . He has taken a mortgage loan for his home, around $60,000, of which he already paid off $10,000. Your wish might as well come true. "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. David Thompson was born in Shelby . Oregon business Last Updated: February 2023. For more information, please visit www.horatioalger.org. As of 2022, David Thompson's net worth is $1 million. 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. Revenue: $500 million to $1 billion (USD) Competitors: Unknown. 1. David discovered his talents for acting in middle school when he was recommended to audition for a play. 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. David O. has 1 job listed on their profile. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. 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. TEC Equipment Jun 2010 - May 2013 3 years. David Thompson's income source is mostly from being a successful Player. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. 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. For more information about the Mack LR Electric, please visit Mack booth No. 2007 Recognized asAmerican Truck Dealers Association National Dealer Of The Year. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. Welcome visitor you can state of oregon mileage reimbursement rate 2021 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. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. TEC is one of the largest Volvo and Mack dealerships in the U.S. and is a recognized leader in new and used truck sales, parts sales and service. Alexandria, VA 22314. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. He was the Final Four's most . Salary in 2022. 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. 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. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars., 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 Thompson net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. Two years later. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Mr. Thompson was just 15 years old when he lost his father. "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. Fiber and Copper Multi Tester. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). 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. Thompson was drafted #1 overall by the Atlanta Hawks in the 1975 NBA Draft and was also #1 in the ABA draft. 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 Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Industry: Vehicle Dealers. XDSL Tester Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. "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. 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. has been selected for membership in this prestigious organization. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. 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. Meet the Thompson Family. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). a 7,800-square-foot building to service and sell his used trucks. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Fiber and Copper Multi Tester. He then started Thompson Equipment Company, buying and selling used trucks. 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. 1976 David Thompson founded 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. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. Swathi Veldandi Design Studio. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. Michael Jordan asked David Thompson to introduce him for him his NBA Hall of Fame induction. Today, David is joined by his three sons . His home is worth $120,000. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. 2023 Forbes Media LLC. 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. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. 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. from 8 AM - 9 PM ET. 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. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. 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. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. 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. 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. Lea Thompson is a popular actress, director, and television producer from America. 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 Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. mba Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. 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. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Find low prices. 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. Find top employees, contact details and business statistics at RocketReach. 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. 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. "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. 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. About the author David I. Bainbridge is Emeritus Professor of Business Law at Aston Business School, Aston University and an honorary member of Hardwicke Building, Lincoln's Inn. 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. by Sabine Bickford. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. And the portfolio of investments is $50,000. 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. A negative net worth suggests there are parts of your financial life you. Mr. Thompson was just 15 years old when he lost his father. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. 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. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. That helped to build trust amongst colleagues and allowed the future leaders to understand the intricacies of the job and relate to the needs and challenges of employees. 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. TEC Equipments growth in the dealership industry is unprecedented. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. 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. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. For more information, please visitwww.horatioalger.org. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. Fax: 541-737-4890, Phone: 541-737-2551 The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 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