Recycle Track Systems is actively pursuing multiple acquisitions as it deploys recently raised capital, with several transactions expected to be announced in the coming months, co-founder and CEO Greg Lettieri said.

The New York-based waste management platform is evaluating targets across its core business lines, Lettieri said on the sidelines of the Centri Capital Conference held this week at Nasdaq in New York City.

Management is focusing on opportunities that can be integrated into the company’s technology-enabled system and accelerate growth beyond its already profitable organic base.

The company raised more than USD 40m in a January 2025 financing round led by existing investors, providing capital earmarked primarily for dealmaking. The round was led by current investor Edison Partners, with participation from Volition Capital, StepStone Capital Partners, and other major stockholders, according to a press release.

Recycle Track Systems is currently working with advisers including JPMorgan and Moelis on acquisition opportunities and on assessing strategic interest in the business from investors , he said. Any future funding will be opportunistic, he added.

The acquisition strategy spans a wide range of targets, from smaller, subscale operators to larger, profitable platforms.

The company is assessing businesses generating as little as USD 1m in annual revenue up to approximately over USD 100m, depending on strategic fit.

For larger transactions, profitability is a key requirement, reflecting a market environment increasingly focused on earnings visibility. Smaller deals, however, may include earlier-stage or unprofitable companies, particularly those offering differentiated capabilities in areas such as IoT sensors or sustainability-focused services.

A central focus is acquiring traditional waste brokers and service providers that lack advanced technology infrastructure, he said.

These businesses can be integrated into its platform, which centralizes procurement, service management and data analytics across a fragmented vendor landscape, allowing the company to layer technology onto existing service networks.

In parallel, Recycle Track Systems is targeting acquisitions linked to its expanding footprint in New York City, where it recently secured a commercial waste zoning contract covering containerized services across all five boroughs. The company is evaluating opportunities to acquire operators and service providers that can support execution of that contract and deepen its presence in the local market, Lettieri said.

The company operates an asset-light model, coordinating waste collection through a network of third-party vendors rather than owning trucks or landfill infrastructure. Its platform enables customers to manage waste services across multiple locations through a single interface, supported by IoT devices that track service delivery, pricing and sustainability data.

The company generates more than USD 200m in revenue across its platform and has focused on building profitability through organic growth in recent years.

While a potential IPO or strategic sale remains an option over the longer term, the company is currently focused on execution, Lettieri said.