2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. "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. a 7,800-square-foot building to service and sell his used trucks. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. cbuggy@briancom.com, David A. Thompson, President and CEO ofTEC Equipment, Inc.,to Receive 2022 Horatio Alger Award, 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. Center for Family Enterprise David A. Thompson founded TEC Equipment in 1976. 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. For more information about the Mack LR Electric, please visit Mack booth No. Long Dress made out of Managalagiri saree. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. 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 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. 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. 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. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo franchise four years later. . For more information, please visit www.horatioalger.org. For more information, please visit www.horatioalger.org. awards During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Welcome visitor you can state of oregon mileage reimbursement rate 2021 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. 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. "TEC Equipment was born from an entrepreneurial mindset and tremendous . "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. Sep 1976 - Present46 years 6 months. David is now joined by his three sons, David O, Chris and William. Horatio Alger Members are part of a select group of individuals who have experienced a wide spectrum of what life can offer. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 2010 Acquired Mack and Volvo franchises for Las Vegas, NV and San Francisco, CA. SOURCE Horatio Alger Association of Distinguished Americans, Inc. Plus500. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. The second generation started working at TEC as teenagers doing menial labor. A consistent increase . After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. 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. 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 O graduated with a Bachelors degree in Business Administration from Oregon State University. 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. Today he concentrates on developing and implementing workflows to streamline the leasing support business and reduce logistical friction for easy, efficient customer experiences. Welcome visitor you can state of oregon mileage reimbursement rate 2021 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. Review this Movie. He pledged $5 million to Legacy Health for the construction of, Oregon Harbor of Hope and the Oregon Food Bank, Oregon State University Foundation Board of Trustees, dian Park Medical Foundations Board and a 2018 recipient of, Because it is not just a scholarship it comes with a, them. 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. 2014 Acquired Wabash Trailer franchises in Portland, OR and Fontana and Sacramento, CA. Flashback to 1985, Julie Sandoval was hired through the Kelly Girl staffing agency as a cashier for a GM factory-owned store in Oakland. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. Today, TEC Equipment, Inc. ranks among Volvos top dealers in North America. The median net worth for the 35-44 group, $91,300, is still more than 16% below the pre-Recession median net worth of $109,430 in 2007. 2002 - 2023 THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. All Rights Reserved. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Mr. Thompson was just 15 years old when he lost his father. 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. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. #26 David Thomson & family on the 2022 Billionaires - David Thomson and his family control a media and publishing empire founded by his grandfather Roy . His home is worth $120,000. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. SOURCE Horatio Alger Association of Distinguished Americans, Inc. 2023 Benzinga.com. David and Patricia Thompson combined net worth is estimated to be around $10 million USD. He then started Thompson Equipment Company, buying and selling used trucks. The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. Net Worth in 2022. Description: TEC Equipment was founded in 1976 by David Thompson. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. Benzinga does not provide investment advice. 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. 2011 Opened a leasing and parts center in Tacoma, WA. During those early days in Portland, TEC Equipment, whose business was buying and selling used trucks and trailers, was known as Thompson Equipment Company. . Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. The renowned stud extends to just under 1,000 acres. After a year. Founder & Chief Executive Officer at TEC Equipment . 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. 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. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. 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. The Association administers more than 70 undergraduate and graduate need-based scholarship programs. After saving enough money to buy his own truck, Mr. Thompson became an owner-operator. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. News, articles, and interesting stuff from the College of Business. He's arguably N.C. State's greatest basketball player, playing from 1972-75. 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. 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