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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. 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. 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. 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 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. The second generations executive responsibility was tested early when a franchise opportunity became available with growth potential, along with differentiation, risk and increased workload. Headquartered in Portland, Oregon, TEC. 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. 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. 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. All three Thompson sons earned business degrees from Oregon State, and have since been involved with the College of Business. 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. future students Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. David Thompson, (born April 30, 1770, London, Eng.died Feb. 10, 1857, Longeuil, Lower Canada [now Quebec]), English explorer, geographer, and fur trader in the western parts of what are now Canada and the United States. TEC Equipments growth in the dealership industry is unprecedented. He then started Thompson Equipment Company, buying and selling used trucks. He currently resides in Shelby, North Carolina, USA. 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. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. 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. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. 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. He and his wife Ann established a major annual scholarship program 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. She also starred as Kathryn Kennish in the drama television series Switched at Birth from . David O graduated with a Bachelors degree in Business Administration from Oregon State University. David Thomson has a net worth of $5.09 billion. "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. A people-person to his core, Chris was drawn to sales roles from the start, exploring used truck purchasing, new truck sales and now serving as regional sales manager. 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. Since its founding, TEC has remained a family-owned business. Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. 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. 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. 1976 David Thompson founded Thompson Equipment Company. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. The family's biggest holding: more than 320 million shares of Thomson Reuters, where Thomson serves as chairman. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. 2013 Recognized by Successful Dealer Magazine as Truck Dealer of the Year. 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. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Phone: 541-737-2551 We have 30+ locations in Washington, Oregon, Nevada, California, Arizona, Nebraska, Iowa and South Dakota, serving a population base of more than 40 million people. 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. Total Liabilities = $258.6 Bn. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. 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. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. mba TEC Equipment, Inc. is proud to representVolvoandMack trucks, and Wabash Trailers, as a franchise dealer in key markets across the West. David O. has 1 job listed on their profile. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, TEC Equipment headquarters are located in 750 NE Columbia Blvd, Portland, Oregon, 97211, United States, TEC Equipments main industries are: Automobile Dealers, Retail, Consumer Services, Car & Truck Rental, Retail, Automobile Parts Stores, TEC Equipment appears in search results as Tec Equipment, Tec Equipment Inc, TEC Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group, Get Free Access to TEC Equipment Contacts Info. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. David Thompson is based out of Portland, Oregon, United States and works at Tec Equipment as Founder / CEO. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. When not buried in data, William takes to the sky, flying following in his fathers footsteps in more ways than one, having obtained his pilots license and enjoying flying planes. 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. 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. 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. TEC Equipment Jun 2010 - May 2013 3 years. has been selected for membership in this prestigious organization. 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. 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. Oregon business For more information, please visit www.horatioalger.org. In addition to heavy duty semi-trucks, TEC sells medium duty semi-trucks, trailers, tow and recovery products 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. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. 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. as of 2/28/23 . Today, David is joined by his three sons . The safe play was to pass, Thompson recalled. "Because it is not just a scholarship it comes with a network of Members that are excited to mentor and guide them. 2023 Celebrity Net Worth / All Rights Reserved. Fax: 541-737-4890, Phone: 541-737-2551 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. I am honored to become a part of such an important organization and look forward to getting to know its exceptional Scholars.". david thompson tec equipment net worth Permanently Closed - Prickly Pear Restaurant - Ann Arbor . 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. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. About Us; Staff; Camps; Scuba. 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. 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. 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. David Thompson's legacy includes not only his Travels, generally recognized as a classic narrative of exploration, but also his meticulous field and survey notebooks, sheets of watercolors, letters describing the state of the interior during the period of contact, and maps of western North America. 4 million deal, which is the equivalent of $ 5.09 billion, Inc including contact information, career,. 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