Recycle Track Systems acquires Elytus

New York City-based Recycle Track Systems (RTS) has announced that its parent company, RTS Holding Inc., has acquired Elytus Ltd., a waste services management company that services more than 12,000 locations across the U.S., Canada and Puerto Rico through a cloud-based software platform.

According to a news release from RTS, the acquisition will expand RTS’ reach to all 50 states.

“We’re proud to welcome the incredibly talented team at Elytus,” says Gregory Lettieri, co-founder and CEO of RTS. “Their expertise and strong network will support our momentum as we continue to scale across the country and build new customer and hauler relationships. Our shared values of transparency and sustainability will make us great partners as we strive to redesign the waste management industry.”

RTS says it will now provide Elytus customers with proprietary technology as well as a commitment to transparency and sustainability.

“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,” says Matthew S. Hollis, president and co-founder of Elytus.

According to RTS, this is the company’s fourth acquisition since it started business in 2015. The company also recently acquired Ambrosia, a Newark, New Jersey-based facility that repurposes food scrap into natural home cleaning solutions. RTS also recently secured $35 million in Series C funding from an investor group led by Citigroup’s Impact Fund for sustainable investment.