RTS to acquire Enevo customers under new deal

Recycle Track Systems (RTS), New York City, announced on July 15 that it has a agreed to a deal with Enevo Inc., the Boston-based subsidiary of Enevo Group, to increase RTS’s market growth in the Northeast, Midwest and West regions and broaden its waste and recycling tracking capabilities. This is the company’s second major expansion since launching in 2015.

Under the deal, RTS will acquire a portion of Enevo Inc.’s customers and incorporate Enevo’s smart waste container sensors and monitoring software features into its technology services platform. The platform provides solutions including hauler geolocation routing, real-time collection notifications, data-driven landfill diversion reporting, and on-demand removals through an app, the company says.

“Enevo closely aligns with our technology and sustainability-based vision, and its products and services have had a worldwide impact on reducing waste,” RTS CEO Greg Lettieri says. “We’re very excited about the integration of their best-in-class sensor analytics into our platform, which will enable us to continue our focus on delivering a superior customer experience and technology-enabled transparency in waste collection, reduction and disposal.”

Enevo Group expanded into the U.S. in 2016 and primarily works with waste management companies and recyclers, as well as large waste generators in the retail, property management, restaurant and municipal sectors.

In closing the transaction, RTS will assume service obligations for Enevo Inc.’s commercial customers, including franchise organizations AUF Wendy’s and ACG Texas—an IHOP restaurant operator. The deal will allow RTS to grow its operations in Colorado, California, Texas, Ohio, New Hampshire and Maine, among other locations.

“We’re truly delighted to begin a deeper relationship with RTS in adopting our technology and providing them with tools that allow them to achieve better waste and recycling services for their customers,” Enevo Group CEO Fredrik Kekalainen says. “RTS and Enevo share a common vision of how waste and recycling services can be managed better through technology, data and transparent services. We could not be happier with this new relationship and we’re looking forward to future growth together.”

According to RTS, this deal will add value to its waste diversion and tracking analytics, where the sensor software can support waste overflow monitoring and further optimize collection schedules.

Letteri also noted that at a time when managing waste volume is increasingly critical, the ability to apply sensor technology to any container will be essential to improving safe waste handling practices.

“As commercial businesses and communities continue to make adjustments to their waste services as a result of the coronavirus pandemic, having predictive data to anticipate fill levels, keep facilities clean and reduce pickups will benefit hauler and client operations and costs,” he says.