Thomson is the co-chairman of Woodbridge, the . Outside of work, he enjoys skiing, traveling, boating and cycling. 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. He currently resides in Shelby, North Carolina, USA. 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. In 2020, he was listed as the wealthiest person in Canada. 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Mr.Thompson joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. The crew of four comprises two NASA astronauts, a Russian cosmonaut and an astronaut from the UAE. The TEC Oakland site was purchased by TEC in 2005. *All monies raised between 20 February and 5 March 2023 will be split equally amongst the three charities. TEC Equipment was founded in 1976 by David Thompson. Mr. joins 15 other exceptional business, civic and cultural leaders from across North America in receiving 2022 honors. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. Real Time Net Worth. As of February 2023, Linda Thompson has a calculated net worth of more than $30 million. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. from 8 AM - 9 PM ET. TEC Equipment has focused its growth strategy along the Interstate 5 corridor. Cancer Research UK is a registered charity in England and Wales (1089464), Scotland (SC041666), Jersey (247) and the Isle of Man (1103). News, articles, and interesting stuff from the College of Business. "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. We provide convenient access to multiple locations, premium products, parts and service. In the past decade, Thompson was joined by his three sons, who have become owners. He is a part owner of the NHL's Winnipeg Jets, and his family's holding company has a minority stake in the Montreal Canadiens. Lea Thompson is a popular actress, director, and television producer from America. 2016 Added Wabash Trailer franchise dealership in Phoenix, AZ. 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. David William Thompson was born to parents George and Leesa in Westchester, New York. 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. For more information, please visitwww.horatioalger.org. Thomson has a diverse art portfolio reported to include pieces from Pablo Picasso and the world's top collection of English romantic painter John Constable. David Thompson founded TEC Equipment in 1976. 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. Additionally, Mr. Thompson has made contributions to several student programs at Portland State University. Also, the stud is home to four top-class stallions. David is now joined by his three sons, David O, Chris and William. awards 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. 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. We are thrilled to welcome David as a Member.". 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. Under Review. 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. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. 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. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. 1. 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. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. David O graduated with a Bachelors degree in Business Administration from Oregon State University. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. 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. has been selected for membership in this prestigious organization. $1 Million - $5 Million. Today he oversees TECs full-service real estate development division, leading design and construction through to full occupancy, developing functional, comfortable spaces for TEC. A positive net worth indicates your assets outweigh your liabilities, meaning you're on track to building wealth. 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. 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. He built his business repairing and selling used trucks on a few simple ideas: teamwork, entrepreneurship and being customer-driven. Over 1,000 Low Everyday Prices, now locked until Easter. 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. Two years later. ALL RIGHTS RESERVED. 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. 1999 Acquired the Mack Los Angeles, CA franchise. 99 Canal Center Plaza, Suite 320 Linda also bags quite vast amounts of money from her endorsements and making public appearances as well as monetizing herself on social media platforms. Theres no partners in the business except myself and my three sons, the elder Thompson said. He is currently [when?] It was always important to David that his children played an integral role in shaping the future of TEC. TEC Equipment Profile and History . Mr. Thompson joins 13 other exceptional business, civic and cultural leaders from across North America in receiving 2020 honors. For more information, please visit www.horatioalger.org. 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. Home. student success, Oregon State University 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. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. 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. David Thomson, chairman of media and publishing group Thomson Reuters Corp., is again the wealthiest Canadian and ranks 27th globally with a net worth of US$32.5 billion. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. What About David Thompson Net Worth and Salary in 2023? 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. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. Center for Family Enterprise They own Cheveley Park Stud, which is one of the biggest and most successful thoroughbred stud farms in Europe. She is best known for her character as Lorraine Baines in the comedy film series Back to the Future trilogy. Two years later,he builta 7,800-square-foot building to service and sell his used trucks. 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. Positive net worth of more than $ 30 million Association Members, Horatio Alger Scholars have faced adversities. Significant adversities, but have also displayed unmatched resilience in overcoming their challenges at Portland State.! 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