Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 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. , In addition to his professional success, h, e is a pillar in his community, providing, providing those in need with valuable opportunities and support, established a major annual scholarship program. 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. David Thomson is the Chairman of the Thomson Reuters . David Thompson started buying and selling used trucks out of a small building in Portland in 1976. 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. Meet the Thompson Family. 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. CONTACT: Carly Buggy 484-385-2934 (office) cbuggy@briancom.com. With 30+ locations along the I-5 corridor, throughout the Midwest and beyond. Outside of work, he enjoys skiing, traveling, boating and cycling. 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. As of 2022, David Thompson's net worth is $1 million. "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. We are thrilled to welcome David as a Member.". Good Bye Lenin! TEC Equipment Expands to Three Midwestern States, Meet Julie Sandoval, Parts Manager Extraordinaire. Portland, Oregon Area. Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. "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. Revenue: $500 million to $1 billion (USD) Competitors: Unknown. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Theres no partners in the business except myself and my three sons, the elder Thompson said. Your wish might as well come true. For more information, please visit www.horatioalger.org. Two years later. ALL RIGHTS RESERVED. Thank you for subscribing to the Business Matters Newsletter. 2011 Opened a leasing and parts center in Tacoma, WA. TEC Equipment. To play a pull fade hes normally trying to hit a rope draw with his 48-inch driver Berkshire adds strips of lead tape to the toe in That perceived safety was incongruent with our family values and ideals, Thompson said. 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. David A. Thompson founded TEC Equipment in 1976. Four-time NBA All-Star who was selected first overall in the 1975 NBA Draft. 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. 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. 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 PADI Discover Tec; PADI Tec 40; PADI Tec 45; PADI TEC 50; Pro; Contact Us; Calendar; Store; February 27, 2023 By palmetto state law enforcement officers association. as a truck driver for Midwest Coast Transport, Inc. completion 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. Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? This proud, family-owned business is now one of the largest full service truck and trailer dealerships in the United States. 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. WASHINGTON, D.C. 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 thatDavid A. Thompson,president and CEO ofTEC Equipment, Inc.,has been selected for membership in this prestigious organization. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. 1976 David Thompson founded Thompson Equipment Company. Methodology: The Bloomberg Billionaires Index is a daily ranking of the world's richest people. 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. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. Submit a correction suggestion and help us fix it. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. Email us, Copyright 2021 Oregon State University Disclaimer. In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. from 8 AM - 9 PM ET. 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. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. . 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. Each son sees themselves playing a key role in the future growth of TEC, and theyre excited about it. Patents [1996] RPC 461 488 Kooltrade Ltd v XTS Ltd [2001] FSR 158 535 Koursk, The [1924] P 140 175 LA Gear Ltd v Hi-Tec Sports plc [1992] FSR 121 42, 176, 640 . In order to ease his family's financial burden, he began working at age 16 at a garage and gas station. 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. Since 1984, the Association has awarded more than $180 million in college scholarships to more than 27,000 deserving students. 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. The safe play was to pass, Thompson recalled. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Sign up for our newsletter for updates on new parts specials, job offers, and more. It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. Find company research, competitor information, contact details & financial data for TEC Equipment, Inc. of Portland, OR. All rights reserved. TEC Equipment was founded in 1976 by David Thompson. Get the latest business insights from Dun & Bradstreet. David is now joined by his three sons, David O, Chris and William. 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. Because it is not just a scholarship it comes with anetwork of Members that areexcited to mentor and guidethem. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. 1994 Added two Volvo franchises in Portland, OR and Wilsonville, OR. David expanded the business in 1990 by purchasing a factory-owned Mack franchise in Portland, Oregon, then acquired the Volvo . "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. TEC Oakland is open 7 a.m. to 5 p.m. Monday through Friday. 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. The TEC Oakland site was purchased by TEC in 2005. Over the next 20 years, TEC expanded across Oregon and California and into Washington, Nevada and Arizona. In 2020, he was listed as the wealthiest person in Canada. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. Education . In addition to new and used truck and trailer sales, parts, and service, our dealerships provide truck leasing and rental, financing, insurance, and auto transport equipment sales and service. 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. However, there is an industry that might be most affected . 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 . 484-385-2913 (office) David Anthony Thompson (born 12 September 1977) is an English football pundit currently working for the BBC. It was always important to David that his children played an integral role in shaping the future of TEC.