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. 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. 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. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Fiber and Copper Multi Tester. 2006 Expanded to Nevada, acquiring the Volvo and Mack franchises for Reno. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. In calculating net worth, Bloomberg . 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. David Thompson, 62, grew up in Shelby and played high school ball at Crest. However, there is an industry that might be most affected . 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 He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. 1. As of 2022, David Thompson's net worth is $1 million. What About David Thompson Net Worth and Salary in 2023? 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. We are thrilled to welcome David as a Member.". 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. The TEC Oakland site was purchased by TEC in 2005. mba 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. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. 2014 Thomson Reuters sales reach $12.6 billion for the year. She receives most of her income from her diverse, well-paying career. Phone: 541-737-2551 SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. Your wish might as well come true. David Thompson founded TEC Equipment in 1976. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. View David O. Thompson's profile on LinkedIn, the world's largest professional community. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. David A. Thompson founded TEC Equipment in 1976. 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. 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. 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. 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. 1983 Transitioned to TEC Equipment, Inc. 1990 Acquired first franchise . The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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Corvallis, Oregon 97331 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. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. The acquisition also includes the rights for TEC to take over as Omahas Hino dealer in the, Julie Sandoval has spent her entire career working towards one goal, becoming parts manager of our Oakland location. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. as of 2/28/23 . 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. A consistent increase . 2011 Opened a leasing and parts center in Tacoma, WA. Copper Cable 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. 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 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 information about TEC Equipment, please visit www.tecequipment.com. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 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. 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. 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. 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. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. 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. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. Review this Movie. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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. . Full Profile. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . Actor: Win Win. Under Review. "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. 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