2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. West Palm Beach, Florida | February 3-6, 2023; . Headquartered in Portland, Oregon, TEC. Earlier this year, through hard work, she finally reached that goal. 2011 Opened a leasing and parts center in Tacoma, WA. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. 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. As of February 2023, David Thomson's net worth is estimated to be roughly $50 Billion. Swathi Veldandi Design Studio. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. Enter the email address you signed up with and we'll email you a reset link. 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. After a few years of studying stand-up comedy . Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. 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. TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. 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 . Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. Your wish might as well come true. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. David Thompsonfaced adversityfrom a youngage, butpersevered tobuildhis companytobecomeoneof the largest heavy-duty truck and trailer dealerships in thecountry, said Terrence J. Giroux, executive director, Horatio Alger Association. Description: TEC Equipment was founded in 1976 by David Thompson. 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. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. 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. 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. 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. 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. Hints and clues to help you with today's Wordle. He was the first white man to explore the Columbia River from source to mouth. Company size: 501-1000 employees. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. All Rights Reserved. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2022 Horatio Alger Award . David Thompson founded TEC Equipment in 1976. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Chris plays a key role in growing Mack and Volvo sales throughout Oregon and Washington while also shaping the future of TEC. 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. We are thrilled to welcome David as a Member.". 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. 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. 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. David O. has 1 job listed on their profile. David discovered his talents for acting in middle school when he was recommended to audition for a play. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. "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 addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. Two years later. 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. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. David A. Thompson founded TEC Equipment in 1976. Reflects change since 5 pm ET of prior trading day. 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. "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. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. What would be his net worth at this juncture? 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. David Thompson, 62, grew up in Shelby and played high school ball at Crest. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Carly Buggy He worked through his entire bag which was fun. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. Net worth can be computed using the following formula: Net Worth = Assets - Liabilities If a person or company owns assets that are greater than liabilities, it is said to show a positive net worth. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. "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. Fiber and Copper Multi Tester. 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. 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. $1 Million - $5 Million. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). "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. News, articles, and interesting stuff from the College of Business. 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. 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. The Association administers more than 70 undergraduate and graduate need-based scholarship programs. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. ALL RIGHTS RESERVED. May 4, 2022. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. 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. 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 safe play was to pass, Thompson recalled. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. from 8 AM - 9 PM ET. Over 1,000 Low Everyday Prices, now locked until Easter. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. 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. 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. XDSL Tester Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. He has also taken a car loan of $10,000. student success, Oregon State University SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. David Thomson's net worth as of February 2023 is a massive $32 billion. TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. He also worships the God and participates in all festivals. CONTACT . "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. 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. As the West's leading full-service truck and trailer . For more information, please visit www.horatioalger.org. 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. 2028 at ACT Expo, your local Mack dealer or www.macktrucks.com. 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. 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