by Sabine Bickford. 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. 2023 Celebrity Net Worth / All Rights Reserved. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and California (except Sacramento), making TEC the largest multi-point Volvo, Mack, and GMC Truck dealership group in the United States, and 5th largest of all U.S. truck dealers. 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. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. 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. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. The renowned stud extends to just under 1,000 acres. Home. 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. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. 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. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. He then started Thompson Equipment Company, buying and selling used trucks. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson. ALL RIGHTS RESERVED. David A. Thompson founded TEC Equipment in 1976. This sparked his interest in the automotive industry, and a year later, he became a junior mechanic at a Chevrolet dealershipandgot a job as a truck driver. In 2018, Thomson Reuters announced it was selling a controlling stake in Refinitiv, a financial data provider, to Blackstone for $17 billion. The safe play was to pass, Thompson recalled. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. As of 2022, David Thompson's net worth is $1 million. Sign up for our newsletter for updates on new parts specials, job offers, and more. 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 Thompson - Founder / Ceo - Tec Equipment - email id & phone of top management contacts like Founder, CEO, CFO, CMO, CTO, Marketing or HR or Finance head. David is now joined by his three sons, David O, Chris and William. 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 and his family retain sole ownership of the enterprise, which enjoyed a 53 percent jump in revenue, to $430 million, in the fiscal year ended May 13, up from $280 million in fiscal 2012. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Hints and clues to help you with today's Wordle. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. cortland 444 peach fly line review; jackapoo for sale yorkshire; stephanie parlane age; economics chapter 4 demand practice in graphs answers Long Dress made out of Managalagiri saree. Your wish might as well come true. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? Total Liabilities = $258.6 Bn. Reflects change since 5 pm ET of prior trading day. TEC Equipment raised a total of $5 M in funding over 1 rounds. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. Founder & Chief Executive Officer at TEC Equipment . 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 . In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. 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. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. David A. Thompson founded TEC Equipment in 1976. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. 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. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. In order to ease his familys financial burden,hebegan working at age 16 at a garage and gas station. David Thompson's income source is mostly from being a successful Player. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. We are thrilledto welcomeDavidas a Member.. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. 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. 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 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. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. 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. Gavin Newsom (D) blocked the move. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. They own Cheveley Park Stud, which is one of the biggest and most successful thoroughbred stud farms in Europe. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. 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. However, his family is the richest family in Canada with $35 billion combined fortune. 2015 Added Wabash Trailer franchise in Stockton, CA, building a new state of the art facility. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. as a truck driver for Midwest Coast Transport, Inc. completion 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. Copper Cable Tester. 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 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. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. . TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? 484-385-2913 (office) 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. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. 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. Salary in 2022. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . Review this Movie. from 8 AM - 9 PM ET. 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. TEC Equipment Profile and History . Industry: Vehicle Dealers. 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. steve thompson bethel . "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. 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 Thompson started buying and selling used trucks out of a small building in Portland in 1976. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. future students Equipment; Master Scuba Diver; Scuba Trips. In calculating net worth, Bloomberg . Copper Cable Tester. Thank you for subscribing to the Business Matters Newsletter. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 1996-2022 Davis Wright Tremaine LLP. "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. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. Similar to characters in stories by Horatio Alger, Jr., they traditionally have started life in humble or economically challenging circumstances. Flashback to 1985, Julie Sandoval was hired through the Kelly Girl staffing agency as a cashier for a GM factory-owned store in Oakland. "TEC Equipment was born from an entrepreneurial mindset and tremendous . Two years later. Enter the email address you signed up with and we'll email you a reset link. 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. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. Additionally, Mr. Thompson has made contributions to several 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. 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. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. Keeping low prices, low. as of 2/28/23 . David Thomson's net worth as of February 2023 is a massive $32 billion. From a single operator, TEC Equipment, Inc., has grown to one of Oregons largest private employers and the Wests premier leading truck and trailer dealership group. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. He is currently [when?] David O. has 1 job listed on their profile. TECs expansion from a single used truck center to 22 franchised dealerships and three used truck centers and 1,000 employees has not followed a traditional path. Thomson is the co-chairman of Woodbridge, the . awards The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. 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. When not buried in data, William takes to the sky, flying following in his fathers footsteps in more ways than one, having obtained his pilots license and enjoying flying planes. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. May 4, 2022. For more information, please visit, David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. a UEFA A and B licensed coach working towards his professional licence. 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. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. 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. 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. I imagine that business will continue that way for generations to come., Number of generations to work in the family business: 2, Number of family members working in the business: 4, Last family vacation destination: Palm Springs, Favorite restaurant for family dinner: RingSide Steakhouse, Name and firm of most helpful family business professional that you would recommend to other family businesses: Pat Green, attorney, Best business decision: Buying property versus leasing, alumni awards . 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. His home is worth $120,000. 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. 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. He then started Thompson Equipment Company, buying and selling used trucks. Thomson's life is full of color and vibrancy. 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. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. "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. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. David W. Thompson. We are thrilled to welcome David as a Member.". 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. Theres no partners in the business except myself and my three sons, the elder Thompson said. Net Worth in 2023: $16 million. About Us; Staff; Camps; Scuba. 2022 Acquired two leasing locations in Seattle, WA and Kent, WA. 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. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 2023 Forbes Media LLC. Horatio Alger Award Induction Ceremonies in Washington, D.C. For more information about the Mack LR Electric, please visit Mack booth No. family business At TEC, leadership positions are earned, not given. For more information, please visit www.horatioalger.org. 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 net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. We are thrilled to welcome David as a Member.". * West Palm Beach, Florida | February 3-6, 2023; . A consistent increase . I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. TEC Eurolab Srl. Description: TEC Equipment was founded in 1976 by David Thompson. Under Review. Recruitment Collateral.TEC Equipment, Inc. matches 60% of your first $4,000 As of today, we have now hired 146 new employeesin contributions each year - if you took full advantage of through the TEC JOB CENTER since our April 11thTEC's 401k Plan match that would be an additional $2,400 launch!per year. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. 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. 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. 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 TEC Equipment, please visit www.tecequipment.com. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. Part of such an important organization and look forward to getting to know its exceptional.! Began working at age 16 at a garage and gas station, job,!: TEC Equipment & # x27 ; s net worth is $ 1.... Positions are earned, not given $ 32 billion be automatically updated as type! 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