David William Thompson was born to parents George and Leesa in Westchester, New York. He has seen TEC from many angles, working in the warehouse, on the maintenance team, as an insurance agent and now as director of TEC Development. 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. Prior results do not guarantee a similar outcome. "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 Thompson started buying and selling used trucks out of a small building in Portland in 1976. CONTACT . The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. David discovered his talents for acting in middle school when he was recommended to audition for a play. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. $1 Million - $5 Million. Thank you for subscribing to the Business Matters Newsletter. 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. 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. TEC Equipment was founded in 1976 by David Thompson. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Swathi Veldandi Design Studio. David Thompson, 62, grew up in Shelby and played high school ball at Crest. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". Lea Thompson is a popular actress, director, and television producer from America. 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. 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. We welcome all corrections and feedback using the button below. However, there is an industry that might be most affected . We are thrilled to welcome David as a Member.". Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. He is currently [when?] corporate partners 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. Net worth is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. He worked through his entire bag which was fun. Experience everything from fine dining and historic restaurants to local cafes and neighborhood eateries. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. David O. has 1 job listed on their profile. He pledged $5 million to Legacy Health for the construction ofitscardiologyand patientcenter,andhas made contributions toOregon Harbor of Hope and the Oregon Food Bank. from 8 AM - 9 PM ET. a UEFA A and B licensed coach working towards his professional licence. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. 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. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 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. 1976 David Thompson founded Thompson Equipment Company. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. 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. 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. 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. Also, the stud is home to four top-class stallions. Vice President - Trailers and Medium Duty, Vice President, Operations Southern California (Interim). 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. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. In 1997 TEC expanded into California with the purchase of a used truck center in Fontana. Under Review. 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 net worth, salary and career earnings: David Thompson is an American former professional basketball player who has a net worth of $1 million. 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. For more information about TEC Equipment, please visit www.tecequipment.com. 99 Canal Center Plaza, Suite 320 CONTACT: student success, Oregon State University David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. Good Bye Lenin! Horatio Alger Award Induction Ceremonies in Washington, D.C. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. 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. 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. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. All Rights Reserved. David Thompson was born in Shelby, North Carolina in July 1954. If the liabilities are greater than assets, it implies a negative net worth. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. As of 2022, David Thompson's net worth is $1 million. He signed with the Denver Nuggets and played from 1975 to 1982 before playing for the Seattle SuperSonics from 1982 to 1984. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 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. 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. Thompson was the ABA Rookie of the Year, an ABA All-Star, the ABA All-Star Game MVP, and made the ABA All-Time Team. * awards It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. Benzinga does not provide investment advice. Description: TEC Equipment was founded in 1976 by David Thompson. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products and auto transport vehicles. David Thompson is an iconic basketball player who has had a long and successful career. Flashback to 1985, Julie Sandoval was hired through the Kelly Girl staffing agency as a cashier for a GM factory-owned store in Oakland. His work experience at TEC has focused on the fixed operations side, centering on the logistics side of the business before moving into his current role as leasing PMO lead. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. TEC Equipment Profile and History . 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 Home. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. 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. 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. 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. 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. 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. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. "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. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. Sign up for our newsletter for updates on new parts specials, job offers, and more. Hints and clues to help you with today's Wordle. Headquartered in Portland, Oregon, TEC. He also worships the God and participates in all festivals. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. The Thompson sons serve in distinct, complementary roles across many business facets. Mr. Thompson was just 15 years old when he lost his father. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). To build on their outside exposure and experience, all three participate in other civic activities, including serving on boards, associations and professional groups. 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. 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. 2019 Opened Mack and Wabash dealership in San Diego, CA. 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 . 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. 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. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. A consistent increase . 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. David Thompson founded TEC Equipment in 1976. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. 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. 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 currently resides in Shelby, North Carolina, USA. 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