Company size: 501-1000 employees. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. 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. 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. 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. For more information, please visitwww.horatioalger.org. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. David Thomson's net worth as of February 2023 is a massive $32 billion. 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 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. Our focused strategy has yielded over 40 years of market share growth and financial stability. 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. 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. 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. 1976 David Thompson founded Thompson Equipment Company. 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. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Submit a correction suggestion and help us fix it. 306 people follow this. Equipment; Master Scuba Diver; Scuba Trips. 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. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. 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. It was always important to David that his children played an integral role in shaping the future of TEC. 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. Salary in 2022. Email us, Copyright 2021 Oregon State University Disclaimer. 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. Fiber and Copper Multi Tester. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. Welcome visitor you can state of oregon mileage reimbursement rate 2021 TEC Equipment's CEO is David Thompson Who is the CFO of TEC Equipment? Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. as of 2/28/23 . Ikkat Pure Silk Pochampally Lehanga Designs Online 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. 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. 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 . 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. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. When provided, we also incorporate private tips and feedback received from the celebrities or their representatives. student programs at Portland State University. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, andcontinued to workas a truck driver for Midwest Coast Transport, Inc. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. "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 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. 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. 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. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. Today, David is joined by his three sons . He currently resides in Shelby, North Carolina, USA. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. The second generation sons David O., Chris and William lobbied for a chance to model the savvy and drive they had seen throughout their upbringing. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Net Worth in 2022. CONTACT . "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. 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. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. In the past decade, Thompson was joined by his three sons, who have become owners. Alexandria, VA 22314. 1. He also worships the God and participates in all festivals. Meet the Thompson Family. cortland 444 peach fly line review; jackapoo for sale yorkshire; stephanie parlane age; economics chapter 4 demand practice in graphs answers It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. 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. That perceived safety was incongruent with our family values and ideals, Thompson said. TEC Equipment. "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. 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. 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. The TEC Oakland site was purchased by TEC in 2005. 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.". 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 O. has 1 job listed on their profile. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Cision Distribution 888-776-0942 In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. 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. 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