Overview

Recaro is a market leader in the niche high-performance automotive seating segment, holding a portfolio of patents for high-end performance and safety solutions. The company spun out of Adient (NYSE: ADNT) after Adient was acquired and underwent a lean corporate restructuring. Recaro continues to serve premier auto manufacturing customers today (e.g., Daimler Ford, General Motors, Subaru, Porsche, Audi, Aston Martin) from its locations in the U.S., Japan, and Germany.

Impact Thesis

The divestment from ADNT put quality, livable wage jobs at risk for Recaro. Arctaris supported the company’s relocation to an Opportunity Zone through investment in a light industrial facility in metro Detroit, wherein the company maintains 50%+ of its workforce from the surrounding communities. The company retained 125 jobs with further capacity to create 75 new jobs with scale. Leadership continues to support local workforce development, prioritizing hiring local contractors to upgrade the new facility.