| COMPANY HISTORY

The company’s founder, A.D. Abramson, began processing import automobiles in 1955 in Baton Rouge, Louisiana. Originally operating as a sole proprietorship, Mr. Abramson moved the company to Houston, Texas in 1963 and eventually incorporated under the name Adaco, Ltd. Inc. on April 29, 1966. Adaco’s primary service was to perform an initial inspection on new automobiles at the respective port of entry docks to note any damages incurred during shipping from Japan and Europe. The company’s services quickly expanded to include storage, security, washing, installation of various accessories, labeling, and shipping.

By 1983, Adaco’s client roster had grown to include Chrysler, BMW, Volvo, Yugo, Peugeot, and Ford Tractors. Due to space concerns, Mr. Abramson moved the company to a 40 acre site located in La Porte, Texas and added a complete body shop to expand the company’s service capabilities. In addition, the company was reorganized under a new entity, Barbours Cut Import Service, Inc.

In 1987, Mr. Abramson asked his friend and CPA of more than 15 years, Karl Ransleben, to join the company. Mr. Ransleben eventually took over leadership of the company and became the majority owner in 1997 following the passing of Mr. Abramson.

Barbours Cut Import Service continued to operate in La Porte until 1992 when the operations were returned to the Port of Houston, this time located at the Turning Basin. At this time, a new operating company, Turning Basin Service, Inc., was formed as a wholly-owned subsidiary of Barbours Cut Import Service and a new relationship began with Volkswagen Group of America and Audi of America, Inc.; a relationship which has flourished to the present day.

As the age of computers was rapidly developing, forward thinking Turning Basin Service management recognized the need early on and began developing its own proprietary production software system, which was launched in 1999 under the name VIPAR. VIPAR was a location-driven system which laid the ground work for what would become the second-generation production software program, ETRACS.

By 2006, ever-evolving customer requirements and volumes dictated that a more extensive, scalable production system be created. Rosie Solis, who had been with Turning Basin Service since 1984, took leadership of a team that would create a system with better visibility, tracking, and functionality. After over 2 years of development, ETRACS was launched in February of 2009. A web-based version of ETRACS was created and launched in 2016 giving users access from any internet-capable device.

In 2002, Turning Basin Service began processing cars for Bentley Motors Incorporated and in 2006, added Porsche Cars North America to complete our current day customer roster.

Also in 2006, Diane Reichenbach joined Turning Basin Service to lead the finance and accounting division. With a promotion to Vice President/General Manager in 2008, she became a stockholder and took over day-to-day leadership of the company.

Focused on an ever growing and evolving market, Turning Basin Service has built a quality driven team to maintain longevity and to continue exceeding customer expectations well into the future.