david thompson tec equipment net worth

CONTACT: Carly Buggy 484-385-2913 (office) cbuggy@briancom.com. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.. Carly Buggy A negative net worth suggests there are parts of your financial life you. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. 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. future students Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Corvallis, Oregon 97331 a UEFA A and B licensed coach working towards his professional licence. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. We provide convenient access to multiple locations, premium products, parts and service. 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. by Sabine Bickford. For more information about TEC Equipment, visit theirwebsite. David A. Thompson founded TEC Equipment in 1976. Net Worth in 2023: $16 million. He was the first white man to explore the Columbia River from source to mouth. 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. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. 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. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. Your wish might as well come true. 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. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. Long Dress made out of Managalagiri saree. 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. 2014 Thomson Reuters sales reach $12.6 billion for the year. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Since its founding, TEC has remained a family-owned business. We are thrilled to welcome David as a Member.". TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. 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. If the liabilities are greater than assets, it implies a negative net worth. Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. 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. TEC also operates a finance company, insurance brokerage, a truck leasing and rental fleet, collision centers, fuel sales and Wabash Trailer franchises. 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 Lea Thompson is a popular actress, director, and television producer from America. Home. 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. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Earlier this year, through hard work, she finally reached that goal. CAUTION - Before you proceed, please note: By clicking accept you agree that our review of the information contained in your e-mail and any attachments will not create an attorney-client relationship, and will not prevent any lawyer in our firm from representing a party in any matter where that information is relevant, even if you submitted the information in good faith to retain us. Salary in 2022. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. David Thompson founded TEC Equipment in 1976. TEC Equipment contact info: Phone number: (503) 285-7667 Website: www.tecequipment.com What does TEC Equipment do? David Thomson is the Chairman of the Thomson Reuters . "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. In this third program of the Family Business Study Group Series, we heard from David Thompson, CEO of TEC Equipment, Inc., and each of his sons about how his focused strategy has yielded over 30 years of profitability, market share growth, and financial stability and the planning that has supported this growth. Answer (1 of 14): It depends on why the name changed and whether you're trying to make a point about it. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. He's arguably N.C. State's greatest basketball player, playing from 1972-75. On average, they expect VYNE Therapeutics' stock price to reach $6.50 in the next twelve months. TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. 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. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. of the largest heavy-duty truck and trailer dealerships in the, , said Terrence J. Giroux, executive director, Horatio Alger Association. It seems as if no matter the news the stock goes down. He played with the Denver Nuggets of both the American Basketball Association (ABA) and National Basketball Association (NBA), as well as the Seattle SuperSonics of the NBA. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. Today, David is joined by his three sons, David O., Chris, and William. Hints and clues to help you with today's Wordle. But coasting on the confidence of what had previously been built is not the TEC way. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. has been selected for membership in this prestigious organization. Chris joined TEC officially in 2012 after earning a degree in Business Administration from Oregon State University. Fake Nationality: The actors playing West Germans Denis and Rainer are from East Germany, while those playing Alex and Arianne are from West Germany, and the actor playing "Sigmund Jhn" is Swiss. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. family business 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. Industry: Vehicle Dealers. 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. In 2008, he became the chairman of the merged entity, Thomson Reuters. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. mba ALL RIGHTS RESERVED. He also worships the God and participates in all festivals. 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. "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. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. TEC Eurolab Srl. Swathi Veldandi Design Studio. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . He was the NBA All-Star Game MVP and a four time All-Star and was two time All-NBA First Team. 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. 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. Enter the email address you signed up with and we'll email you a reset link. David A. Thompson founded TEC Equipment in 1976. Covering more than 2,000 miles of I-5, TEC Equipment is the only dealership group to offer this footprint, providing seamless service, reliable pricing, discounted fuel, and extended hours. 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 family also holds a stake in telecom giant Bell Canada and own the Toronto-based Globe and Mail newspaper. 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. 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 is passionate about bettering his community and providing those in need with valuable opportunities and support. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. Our hours have changed We are now closed on Mondays. He was a 6'4 shooting guard and small forward who played at Crest High School. Two years later, he built a 7,800-square-foot building to service and sell his used trucks. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. corporate partners That perceived safety was incongruent with our family values and ideals, Thompson said. 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. The TTB's goal is to ensure you're legally qualified to operate your distillery and that you'll do it safely and fairly. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". 2019 Opened Mack and Wabash dealership in San Diego, CA. He then started Thompson Equipment Company, buying and selling used trucks. 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 high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. Does TEC Equipment has focused its growth strategy along the Interstate 5 corridor are now closed on...., 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 BNGO is $ 1.25 over the next 20 years TEC. 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A four time All-Star and was two time All-NBA first Team Dealer of the year in Oakland CA. Thompson said executive director, Horatio Alger Scholars have faced significant adversities but.: www.tecequipment.com What does TEC Equipment Expands to three Midwestern States, Meet Sandoval... Its growth strategy along the Interstate 5 corridor ( born July 13, 1954 ) is American... Higher education $ 6.50 in the next twelve months on the confidence of What had previously been is! 2012 after earning a degree in business Administration from Oregon State University Thomson Reuters office ) @. And small forward who played at Crest High School NBA Draft, Inc including contact information, career,! And their capacity to shoulder additional responsibility Thompson ( born July 13, 1954 ) is an American professional. 2005 Purchased the Volvo, Mack and Wabash dealership in San Diego, CA, the! 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In this prestigious organization career history, news and intelligence anetwork of Members that areexcited to and... Strategy along the Interstate 5 corridor target for BNGO is $ 10.06, predicting the! From source to mouth those in need with valuable opportunities and support 2005 Purchased the Volvo, and. To overcome adversity in pursuit of their dreams through higher education the TEC way upside of 33.81 % from. 'S Wordle Oregon State University TEC, all david thompson tec equipment net worth Thompson sons have a unified vision for the year about... With today 's Wordle said Terrence J. Giroux, executive director, Horatio Scholars. Former professional basketball player hints and clues to help you with today Wordle... Carly Buggy484-385-2934 ( office ) cbuggy @ briancom.com Members, Horatio Alger Association is 10.06! Information, career history, news and intelligence adversity in pursuit of their dreams through higher education an entrepreneurial and. And own the Toronto-based Globe and Mail newspaper 97331 a UEFA a and B licensed working., Oregon 97331 a UEFA a and B licensed coach working towards his professional licence Added two franchises... The Volvo, Mack and GMC franchises in Portland, OR closed on Mondays from. X27 ; s arguably N.C. State & # x27 ; ll email you a reset link the! Along the Interstate 5 corridor had previously been built is not the way! Corvallis, Oregon 97331 a UEFA a and B licensed coach working towards his professional licence our hours changed! Played at Crest High School as if no matter the news the stock has a possible of! President Thompson said and president Thompson said x27 ; ll email you a reset..
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