It was a three-year $4 million deal, which is the equivalent of $15 million in today's dollars. Their average twelve-month price target is $10.06, predicting that the stock has a possible upside of 33.81%. Lea Thompson is a popular actress, director, and television producer from America. When not at the office, Chris dedicates himself to giving back to his community and getting outside whether traveling, golfing, snowboarding or boating. 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. Yet average American net worth is up 8.6% over the pre-Recession number, which could be a sign of growing wealth inequality. 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. David struggled with drugs and alcohol later in life but eventually got clean. Record Breaking Contract: In 1978 David signed what was then a record-breaking contract for the NBA. 1990 Acquired first franchise, a factory-owned Mack dealership in Portland, OR. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. But coasting on the confidence of what had previously been built is not the TEC way. 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. 99 Canal Center Plaza, Suite 320 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. David O. has 1 job listed on their profile. As the second generation of ownership at TEC, all three Thompson sons have a unified vision for the future of the company. In 2020, he was listed as the wealthiest person in Canada. I haveadmired the Associations workfor yearsandImcontinuouslyimpressedbythe incredible impacta scholarshipfrom this organization can have onthe lives of inspiring young people, saidMr. Thompson. 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. 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. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. He won the NCAA championship in 1974 and was named NCAA Final Four Most Outstanding Player. He was previously a star in college for North Carolina State, leading the Wolfpack to its first NCAA championship in 1974. 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. David Thompson started buying and selling used trucks out of a small building in Portland in 1976. Our hours have changed We are now closed on Mondays. 2019 Opened Mack and Wabash dealership in San Diego, CA. 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. CONTACT: Carly Buggy 484-385-2934 (office) [emailprotected]. And the portfolio of investments is $50,000. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. 2005 Purchased the Volvo, Mack and GMC franchises in Oakland, CA. 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. For more information, please visit www.horatioalger.org. The safe play was to pass, Thompson recalled. David A. Thompson founded TEC Equipment in 1976. Previously, David was the Remote Vfx Composito r at Ratchet Digital and also held positions at Henningsen Cold Storage Co., Take 5 Productions, Technicolor, Dufferin Gate Productions, Invisible . 2002 Continued to grow at a robust pace with the addition of the Volvo and GMC Los Angeles franchises and a used truck center in San Bernardino, CA. Thomson became the chairman of Thomson Corporation and inherited his father's British title, Baron Thomson of Fleet. Mr. Thompson is passionate about bettering his community and providing those in need with valuable opportunities and support. The TEC Oakland site was purchased by TEC in 2005. 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. Learn more about David Thompson, Tec Equipment, Inc including contact information, career history, news and intelligence. David Thompson is the Founder & Chief Executive Officer at TEC Equipment based in Portland, Oregon. The story illustrates why TEC Equipment was chosen as the winner for Generational Development in the 2021 Excellence in Family Business Awards. David Thomson (Source: SaltWire) He is delighted to be a member of the Christian community. What About David Thompson Net Worth and Salary in 2023? 750 NE Columbia Blvd, Portland, Oregon, 97211, United States. $1 Million - $5 Million. Get the latest business insights from Dun & Bradstreet. 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. Their proposition centered around the company and family mission for growth and their capacity to shoulder additional responsibility. 2020 Opened a Mack, Volvo and Wabash dealership in Redmond, OR. In addition to his professional success, he is a pillar in his community, providingthose in needwith lifechangingopportunitiesthrough hisphilanthropic effortsand generouscontributions. Each owner represents a unique perspective that provides interrelated skills, further promoting rapport-building and driving consensus decisions. TEC Equipment's CFO is Kelly Knox How do I contact TEC Equipment? In the past decade, Thompson was joined by his three sons, who have become owners. Sign up for our newsletter for updates on new parts specials, job offers, and more. Equipment; Master Scuba Diver; Scuba Trips. Sep 1976 - Present46 years 6 months. 2003 Purchased the Volvo and Mack franchises for Eugene, OR and Medford, OR. William joined TEC in 2014 after earning a degree in Business Administration from Oregon State University and a degree in Supply Chain Management from Lund University in Lund, Sweden. All Rights Reserved. Two years later. 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. 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. To position the next generation as successful leaders,David O., Chris and William have worked alongside executive senior leadership and participate in weekly executive staff meetings and quarterly board reviews. He worked through his entire bag which was fun. Outside of work, he enjoys skiing, traveling, boating and cycling. 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. After high school, Mr. Thompson attended Parsons College in Fairfield, Iowa, and continued to work as a truck driver for Midwest Coast Transport, Inc. David A. Thompson, President and CEO of TEC Equipment, Inc., to Receive 2020 Horatio Alger Award e l a S g n i h t f o f l 0 C % 0 g 5 i B o t 1 p 3 u 5 1 C e D Its 163.9 hp* Rotax E-TEC 800R engine combines with the lightweight REV-XP platform for an David Thompson net worth: $1000 thousand. TEC Eurolab Srl. TEC Equipment was born from an entrepreneurial mindset and tremendous moxie, CEO and president Thompson said. Gavin Newsom (D) blocked the move. and the Member Class of 2022 will be formally inducted into the Association on April 7-9, 2022, during the Associations 75th. 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. 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. All rights reserved. 86% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our. . William Thompson is Leasing Project Management Office Lead; Chris Thompson is Regional Sales Manager; and David O. Thompson, Jr., is Director of TEC Development. Attorney Advertising. David O'Neil Thompson (born July 13, 1954) is an American former professional basketball player. The majority of MikroTik routers have a default username of admin, a default password will be labled at the bottom of your router, and the default IP address of 192.168. As manufacturers, Volvo, Mack, and Wabash are committed to supporting TECs growth along the I-5 corridor. 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. The Association also educates young people about the limitless opportunities afforded to them by the free-enterprise system through hard work, honesty and determination. Keeping low prices, low. . The high price target for BNGO is $15.00 and the low price target for BNGO is $1.25. family business 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. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Amid stock market weakness and global economic certainty, Forbes said the total wealth of its billionaires list declined about US$400 billion from 2018 to US$8.7 trillion. Mr.Thompsonis passionate aboutbetteringhiscommunityandproviding those in need with valuable opportunities and support. Here's a list of some of the top trending technologies and APIs used by TEC Equipment. If the liabilities are greater than assets, it implies a negative net worth. Mr. Thompson was just 15 years old when he lost his father. A consistent increase . David Thompson founded TEC Equipment in 1976. 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. A flight, dinner, drinks and handshakes later, the deal was complete, the first business venture where all generational parties were full participants. 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