TEC Equipment

What TEC Equipment does

TEC Equipment is a privately held, full-service commercial truck and trailer dealership headquartered in Portland, Oregon, founded approximately 1975 and currently celebrating its 50th anniversary. The company operates 30+ physical dealership locations across eight states (Washington, Oregon, California, Nevada, Arizona, Nebraska, Iowa, and South Dakota) and serves fleet operators, owner-operators, auto transport companies, freight carriers, and towing/recovery operators through a comprehensive under-one-roof model.

Its product portfolio spans heavy-duty trucks from Volvo (VNL, VNR, VAH, VNX, VHD) and Mack (Pioneer, Anthem, Granite, Keystone, LR, MD, Pinnacle, TerraPro), medium-duty trucks from Hino (L6, L7, 268, 338, XL) and Isuzu (NPR, NQR, NRR series), Class 4-8 electric vehicles (Volvo VNR Electric, Mack LR Electric, Mack MD Electric, Bollinger B4), trailers from Stoughton, MAC, Cottrell, Kentucky Trailer, Sun Country, and Jerr-Dan towing/recovery equipment. Supporting these sales are Volvo-, Mack-, and Isuzu-certified service centers, collision repair facilities, and a parts operation with a multi-million dollar inventory stocked through 50+ vendor partnerships that sold over 5 million parts last year.

Revenue is generated through seven streams: new and used truck sales, trailer sales, parts sales, certified service and repair, full-service leasing and commercial rental (via Volvo/Mack Leasing and NationaLease), commercial truck financing (through 40+ lender partnerships), and a full-service commercial truck insurance agency licensed in 11 western states. The company employs 1,300+ people across its 8-state footprint and is led by founder and President David Thompson. A wholly owned subsidiary, TEC Development, manages commercial and industrial property development.

Name

TEC Equipment

Legal name

TEC Equipment

Website

https://tecequipment.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TEC Equipment is a privately held, full-service commercial truck and trailer dealership headquartered in Portland, Oregon, operating 30+ locations across 8 western and midwestern states and serving fleet operators, owner-operators, and specialty carriers with sales, parts, service, leasing, financing, and insurance.

Ownership category

akta.pro rank

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Truck Sales: New and used truck sales across multiple brands including Volvo, Mack, Hino, Isuzu, Bollinger, and Autocar for Classes 4-8 commercial trucks. Revenue generated from vehicle transactions, both new and pre-owned inventory.
2. Trailer Sales: Sales of new and used trailers including dry vans, flatbeds, reefers, auto transport, dump trailers, and specialty trailers from brands like Stoughton Trailers, MAC Trailer, Cottrell, Kentucky Trailer, Sun Country, and Jerr-Dan.
3. Parts Sales: Multi-million dollar parts inventory supporting light-, medium-, and heavy-duty truck and trailer equipment. Over 50 vendor partners providing OEM and aftermarket parts. Team sold over 5 million parts last year.
4. Service and Repair: Factory-trained technicians providing comprehensive truck and trailer service including engine diagnostics, drivetrain repair, FHWA/DOT inspections, collision repair, and mobile service. Certified uptime locations for Volvo and Mack.
5. Leasing and Rental: Full-service leasing, commercial truck rental, and maintenance programs. Turnkey solution for maximizing uptime with lowest total cost of ownership. Fleet includes sleepers, day cabs, reefers, box trucks, 4-axle day cabs, and yard tractors.
6. Financing: Commercial truck financing through partnerships with 40+ top-rated industry lenders. Offers traditional financing, TRAC leases, and FMV leases. Quick turnaround times and same-day funding for qualified borrowers.
7. Insurance Services: Full-service commercial truck insurance agency licensed in 11 western states, supporting interstate long-haul operations in 48 continental states and Canada. Offers primary liability, physical damage, cargo coverage, and non-trucking liability among other products.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

TEC Equipment is a full-service commercial truck and trailer dealership network operating 30+ locations across 8 western and midwestern states. It sells new and used trucks (Volvo, Mack, Hino, Isuzu, Bollinger, Autocar) and trailers (Stoughton, MAC, Cottrell, Kentucky Trailer, Sun Country, Jerr-Dan), supplies OEM and aftermarket parts, and provides factory-trained truck and trailer service, collision repair, full-service leasing, commercial rental, financing through 40+ lenders, and commercial truck insurance.

Product overview

TEC Equipment is a full-service truck and trailer dealership offering a comprehensive portfolio of commercial vehicles and services. The core product offering includes heavy-duty trucks from Volvo (VNL, VNR, VAH, VNX, VHD) and Mack (Pioneer, Anthem, Granite, Keystone, LR, MD), medium-duty trucks from Hino (L6, L7, 268, 338, XL) and Isuzu (NPR, NQR, NRR series), and Class 4-8 electric vehicles including Volvo VNR Electric, Mack LR Electric, Mack MD Electric, and Bollinger B4. The company also offers trailers from Stoughton (dry vans, reefers), MAC (dump, pneumatic tank, transfer, flatbed), Cottrell, Kentucky Trailer, and Sun Country, plus auto transport equipment and Jerr-Dan towing/recovery vehicles. Supporting the vehicle sales are comprehensive services including parts supply with 50+ vendor partners, certified truck/trailer service centers (Volvo, Mack, Isuzu certified), collision repair, full-service leasing, commercial rental, maintenance programs, commercial financing (40+ lenders), and commercial truck insurance. The company operates 30+ locations across Washington, Oregon, California, Nevada, Arizona, Nebraska, Iowa, and South Dakota, serving as a one-stop solution for commercial trucking needs.

Differentiator

Problem solved

Functional benefit

Products and services

• New and Used Commercial Truck Sales Sales of new and used commercial Class 4-8 trucks from brands including Volvo, Mack, Hino, Isuzu, Bollinger, and Autocar, offered to fleet operators, owner-operators, and auto transport carriers across the dealership network.
• New and Used Trailer Sales Sales of new and used trailers including dry vans, flatbeds, reefers, auto transport, dump trailers, tank trailers, transfer trailers, and specialty trailers from brands such as Stoughton Trailers, MAC Trailer, Cottrell, Kentucky Trailer, Sun Country, and Jerr-Dan.
• Truck and Trailer Parts Multi-million dollar parts inventory supporting light-, medium-, and heavy-duty truck and trailer equipment from over 50 vendor partners, with online parts account access and a team that sells over 5 million parts per year.
• Truck Service Comprehensive service for all makes of trucks including engine diagnostics, drivetrain repair, FHWA/DOT inspections, brake system service, and suspension and axle service performed by factory-trained technicians.
• Trailer Service Comprehensive trailer repair services including bottom rail replacement, roll-up and swing door repair, reefer rebuilds, preventative maintenance, and APU service.
• Collision Center Full-service collision repair including all-phases bodywork, fiberglass repair, welding and fabrication, frame straightening, heated paint booths, and warranty paint work at multiple locations.
• Volvo Certified Service Centers Dedicated Volvo repair locations staffed with factory-trained technicians offering authorized warranty work and uptime-certified service across the dealership network.
• Mack Certified Service Centers Mack Certified Service Centers offering preventative maintenance to major repairs with factory-trained technicians and authorized warranty work.
• Full-Service Leasing Turnkey leasing solution for commercial fleets including sourcing, financing, disposal, regulatory reporting, repair and maintenance, and 24/7 roadside service, delivered through Volvo/Mack Leasing and the NationaLease network.
• Commercial Truck Rental Daily, weekly, or monthly commercial truck rental solutions featuring an EPA SmartWay-certified fleet and 24/7 nationwide roadside assistance for short-term fleet needs.
• Maintenance Programs Tailored maintenance programs including Guaranteed Full-Service Maintenance, PM Plus, and Captive Shop programs that manage preventative maintenance and repairs for customer fleets.
• Commercial Truck Financing Commercial truck financing through partnerships with 40+ lenders offering traditional financing, TRAC leases, and FMV leases with quick turnaround and same-day funding for qualified borrowers.
• Commercial Truck Insurance Full-service commercial truck insurance agency licensed in 11 western states covering 48 continental states and Canada, including primary liability, physical damage, cargo, and non-trucking liability coverage.
• Auto Transport Services Specialized auto hauler services including truck and trailer refurbishment, exclusive screw actuator to cylinder conversions, wiring harness replacement, and frame rail replacement for auto transport carriers.
• Towing and Recovery Sales and service of tow trucks and wreckers from Jerr-Dan for towing and recovery operators serving Northern California, Southern California, and Nevada.
• Electric Truck Sales and Infrastructure Planning Sales of battery electric trucks (Volvo VNR Electric, Mack LR Electric, Mack MD Electric, Bollinger B4) through 10 Certified EV locations with dedicated BEV service bays and EV-certified technicians, plus planning support for charging solutions, utility supply assessment, and route optimization.

Quantifiable outcome

• Over 5 million parts sold last year
• +2 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and supporting.

• Stoughton TrailerscoreChannel Partner/ Reseller/ DistributorTEC Equipment announced new trailer partnership with Stoughton Trailers, a family-owned manufacturer. TEC is proud to offer Stoughton trailers including dry vans and reefers, with a shared commitment to quality, durability, and delivering some of the best trailer solutions on the market.
• NationaLeasecoreChannel Partner/ Reseller/ DistributorTEC Equipment is a member of Volvo/Mack Leasing and NationaLease, allowing customers to benefit from nationwide coverage with a local, personal touch. Through this affiliation, TEC's leasing customers gain access to a broader network of support services.
• Volvo/Mack LeasingcoreChannel Partner/ Reseller/ DistributorTEC Equipment operates as a member of Volvo/Mack Leasing network, providing full-service leasing solutions and commercial truck rental with nationwide coverage. This partnership enables TEC to offer guaranteed 24/7 roadside service and access to OEM inventory.
• California HVIPsupportingStrategic or Co-development PartnerCalifornia's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) works directly with dealers like TEC to apply incentives at time of purchase for zero-emission transportation equipment.
• Oregon ZEROsupportingStrategic or Co-development PartnerOregon's ZERO Fleet program provides state incentive funding for zero-emission transportation that TEC helps customers access and apply at point of purchase.
• Washington WAZIPsupportingStrategic or Co-development PartnerWashington's WAZIP program provides state incentive funding for zero-emission transportation that TEC helps customers access through dealer-direct incentive application.
• 50+ Vendor PartnerscoreChannel Partner/ Reseller/ DistributorTEC Equipment works with over 50 valued vendor partners including Phillips, Eaton, Timken, Monroe, Meritor, Delco Remy, Fleetguard, and RoadChoice to offer the largest inventory of truck and trailer parts.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Premier Truck Group: Premier Truck Group operates a multi-brand network of commercial truck dealerships (Freightliner, Western Star, Volvo, Mack) across multiple U.S. states with full sales, parts, service, leasing, and rental offerings. Directly comparable to TEC as a regional, multi-brand full-service dealer group.
• Rush Enterprises: Rush Enterprises is the largest network of commercial truck dealerships in North America, operating over 100 locations across the U.S. and Canada. It sells Peterbilt, International, Hino, and Isuzu trucks and offers parts, service, and collision repair — directly comparable to TEC's full-service dealership model at meaningfully larger scale.
• Velocity Vehicle Group: Velocity Vehicle Group is one of the largest Daimler Truck dealer networks in North America, operating Freightliner and Western Star dealerships with full parts, service, and leasing offerings. Like TEC, it operates a multi-state, full-service model and is a primary comparator for a Volvo/Mack-anchored dealership group.
• MHC Kenworth: MHC Kenworth is a large Kenworth truck dealership network operating across the central and southern U.S., offering new/used truck sales, parts, service, and leasing. It is comparable to TEC as a multi-state full-service commercial dealer, though anchored on a different OEM (PACCAR/Kenworth).

Broad incumbents

• Ryder System: Ryder is a leading U.S. provider of commercial truck leasing, rental, and fleet maintenance services with a national footprint. It competes with TEC's leasing, rental, and contract maintenance business lines for large fleet customers and represents the broader outsourced-fleet-services model.
• Enterprise Truck Rental: Enterprise Truck Rental operates one of the largest commercial truck rental fleets in North America with thousands of locations. It competes with TEC's commercial rental business for short-term fleet needs and represents a broader, well-capitalized incumbent in TEC's rental segment.
• Volvo Trucks North America: Volvo Trucks is TEC's primary heavy-duty OEM partner and the franchisor behind the VNL, VNR, VAH, VNX, and VHD product lines. Volvo's U.S. dealer economics, brand strategy, and electrification roadmap directly shape TEC's economics, making the OEM a key strategic peer.
• SelecTrucks: SelecTrucks is Daimler Truck North America's official used-truck retail network with locations across the U.S. It competes with TEC's used-truck business and represents the OEM-controlled approach to commercial truck resale, in contrast to TEC's independent dealer model.

Others

• NationaLease: NationaLease is one of North America's largest full-service truck leasing networks with 300+ locations. TEC is a NationaLease member, and NationaLease represents a comparable leasing-and-rental channel that fleets use alongside independent dealers, making it a relevant peer for TEC's leasing economics.
• Stoughton Trailers: Stoughton Trailers is a family-owned manufacturer of dry vans, reefers, and intermodal chassis that recently added TEC as a dealer partner. While not a competitor, Stoughton is a relevant peer as a leading trailer OEM that distributes through dealer networks like TEC's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/tecequipment

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TEC Equipment