Recycle Track System, Inc. (RTS), a leader in the waste and recycling management industry, announced that it’s parent company, RTS Holding, Inc., has acquired Elytus Ltd., a waste services management company that serves 12,000+ locations across all 50 States, Canada, and Puerto Rico through a cloud-based software platform.
RTS brings proprietary technology and a deep commitment to transparency and sustainability to thousands of clients across the country, including hundreds of restaurants and hotels, and large office buildings, professional sports stadiums, universities, and municipalities. This partnership will expand RTS’s reach to all fifty states as it continues to disrupt the waste management industry
“We’re proud to welcome the incredibly talented team from Elytus.Their expertise and strong network will support our momentum as we continue to scale across the country and build new customer and hauler relationships,” said Gregory Lettieri, Cofounder and CEO of RTS. “Our shared values of transparency and sustainability will make us great partners as we strive to redesign the waste management industry.”
“We’re excited to join RTS on the journey toward a world without waste,” said Matthew S. Hollis, President and Co-Founder of Elytus. “This partnership will allow us to provide our customers with expanded sustainability services and combined technology solutions with better data to help them better manage their waste streams.”
This is RTS’s fourth acquisition since launching in 2015. Recently, the company acquired Ambrosia, a Newark-based facility that repurposes food scraps into natural home cleaning solutions, and secured $35 million in Series C Funding from an investor group led by Citigroup’s Impact Fund for sustainable investment.