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  6. RTS Acquires RecycleSmart

M&A Deal Summary

RTS Acquires RecycleSmart

On March 30, 2023, RTS acquired environmental company RecycleSmart

Acquisition Highlights
  • This is RTS’s 2nd transaction in the Environmental sector.
  • This is RTS’s 1st transaction in Canada.
  • This is RTS’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-03-30
Target RecycleSmart
Sector Environmental
Buyer(s) RTS
Deal Type Add-on Acquisition

Target

RecycleSmart

Richmond, British Columbia, Canada
RecycleSmart is a provider of smart waste diversion, organic capture, and recycling management technology to Canada's favourite places to shop, eat, sleep, learn, work, and have fun. RecycleSmart develops and deploys innovative cloud-based waste and recycling smart waste systems that reduce emissions, cut operating costs, and increase waste diversion with over 7,000 assets at over 3,500 sites nationwide. RecycleSmart was founded in 2008 and is based in Richmond, British Columbia.

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Buyer(S) 1

Buyer

RTS

New York, New York, United States
Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

RTS is a provider of IT services to manage waste and recycling. From garbage to recyclables, compost, e-waste and reusable materials – RTS helps businesses and communities manage waste more responsibly. RTS was founded in 2014 and is based in New York City.

DEAL STATS #
Overall 4 of 4
Sector: Environmental M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-13 Cycle

Miami, Florida, United States

Cycle is a digital recycling platform that utilizes RVMs (Reverse Vending Machines) to reward consumers for recycling their beverage containers at universities, stadiums, and events. Cycle was formed in 2018 and is based in New York, New York.

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