Recycle Track System, Inc. (RTS), a leader in the waste and recycling management industry, announced that it鈥檚 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聽 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鈥檚 reach to all fifty states as it continues to disrupt the waste management industry
“We鈥檙e 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.鈥�
鈥淲e鈥檙e excited to join RTS on the journey toward a world without waste,鈥� said Matthew S. Hollis, President and Co-Founder of Elytus. 鈥淭his 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.鈥�
This is RTS鈥檚 fourth acquisition since launching in 2015.聽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聽from an investor group led by Citigroup鈥檚 Impact Fund for sustainable investment.