In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Good Bye Lenin! For more information, please visitwww.horatioalger.org. 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. All net worths are calculated using data drawn from public sources. Copper Cable Tester. 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. 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. 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. 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. His home is worth $120,000. In 2008, he became the chairman of the merged entity, Thomson Reuters. 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. 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. TEC Equipment, headquartered in Portland, Oregon, and founded in 1976, is a retailer and maintenance service company for new and preowned Mack and Volvo brand heavy-duty trucks, medium-duty trucks, trailers, and auto transport vehicles. Oregon business Additionally, Mr.Thompson has madecontributions to severalstudent programs at Portland State University. 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. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. That perceived safety was incongruent with our family values and ideals, Thompson said. Attorney Advertising. Two years later. 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. 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 is currently [when?] 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. family business In the past decade, Thompson was joined by his three sons, who have become owners. And the portfolio of investments is $50,000. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. David Thompson was inducted into the Basketball Hall of Fame and the College Basketball Hall of Fame. 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. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. . Reflects change since 5 pm ET of prior trading day. 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. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. Net Worth in 2022. 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. Fax: 541-737-4890, Phone: 541-737-2551 The Thompson sons serve in distinct, complementary roles across many business facets. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. 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. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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 . SEATTLE -- At 32, his professional basketball career apparently over -- partly because of a knee injury -- Thompson resides in King County's North Rehabilitation Facility, serving a 180-day. A few school productions and original local theater pieces later, David began to audition for student films in New York. 1996-2022 Davis Wright Tremaine LLP. Review this Movie. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Sep 1976 - Present46 years 6 months. He was the Final Four's most . The values of teamwork, entrepreneurship and customer service have contributed to the companys unprecedented growth and success. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. 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. David W. Thompson. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. 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. "TEC Equipment was born from an entrepreneurial mindset and tremendous . CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. He then started Thompson Equipment Company, buying and selling used trucks. 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. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. corporate partners David Thompson was born in Shelby . 2019 Opened the largest truck dealership in North America, with a 174,000 sq ft. state of the art facility in Fontana, CA., with capacity to service over 100 trucks and 2 acres of parts warehouse. 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. David O took an interest in the family business from a young age, working in a variety of roles around the dealerships as a teenager until he joined the company full-time in 2010. TEC Equipment. He then started Thompson Equipment Company, buying and selling used trucks. david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. CONTACT . For more information, please visit www.horatioalger.org. He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. 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. What About David Thompson Net Worth and Salary in 2023? 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. 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. 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 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. David and Anns sons, David Oliver, Christopher, and William each play an active role in the success of the company. "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. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 2020 Opened a Volvo and Wabash dealership in Dixon, CA. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. 2022 Acquired the Volvo franchise rights in Omaha and Lexington, NE; Sioux City, IA; and Sioux Falls, SD. 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. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. 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. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. Net worth is the amount by which assets exceed liabilities. 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 founded TEC Equipment in 1976. 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. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. 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. 2751 SW Jefferson Way Earlier this year, through hard work, she finally reached that goal. He is estimated to have a net worth of $1 million in 2023, with a salary of the same amount. However, there is an industry that might be most affected . 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. David Thomson, the 3rd Baron Thomson of Fleet, is a Canadian businessman, media magnate, art collector who has a net worth of $50 billion. She also starred as Kathryn Kennish in the drama television series Switched at Birth from . 2012 Acquired Volvo in Seattle, followed by Mack 6 months later. 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. West Palm Beach, Florida | February 3-6, 2023; . He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. "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. A negative net worth suggests there are parts of your financial life you. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. 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. Thompson played as a midfielder, though he had to retire aged 29 through an osteochondral defect of the left knee sustained at age 25. Fiber and Copper Multi Tester. Salary in 2022. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. 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. 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. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. He's arguably N.C. State's greatest basketball player, playing from 1972-75. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. 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. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. 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. It is the route many of our original customers traveled and on which they continue to operate today. Today, with 25 facilities in 21 cities, TEC Equipment owns all the Volvo & Mack Truck franchises in Oregon, Washington, Nevada and . He also worships the God and participates in all festivals. Through the generosity of its Members and friends, in 2020, 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. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. 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. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. Lea Thompson is a popular actress, director, and television producer from America. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Thomson's life is full of color and vibrancy.
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