RoadRunner Recycling, a Pittsburgh-based provider of waste management services, has acquired Compology, a waste and recycling metering technology company based in San Francisco.
According to a news release from RoadRunner, the move bolsters its sustainability offerings through enhanced data collection, artificial intelligence (AI) and environmental, social governance (ESG) reporting capabilities, positioning it to accelerate the modernization of the waste and recycling industry at large.
Compology supplies waste and recycling metering technology powered by smart cameras and AI. Its computer vision technology delivers transparency and waste intelligence through key insights like how full a dumpster is, what's inside it and when it's been serviced last.
RoadRunner says it will now offer the most technologically advanced, comprehensive, sustainable waste management solution for businesses and governments looking to increase recycling rates, reduce costs and accurately report on environmental impact.
"The future of sustainable waste and recycling management requires smart technology and intelligence," says Graham Rihn, founder and CEO of RoadRunner Recycling. "We couldn't be more excited to join forces with Compology, a team that brings industry-leading technology and a shared passion for using data to help businesses increase recycling and operate more sustainably while spending less for better service."
RoadRunner says recycling for businesses in the United States is complicated, time-consuming, costly and lacks transparency and accurate data. With rising pressure for proper ESG disclosures, zero-waste-to-landfill initiatives and reduced carbon emissions, companies require reliable and intelligent waste and recycling solutions that are founded in data.
"Data-driven solutions are essential tools for businesses to achieve their sustainability goals," says Jason Gates, co-founder and CEO of Compology. "Combining our platforms is a monumental step toward making cost-effective, sustainable waste management a reality for organizations."
RoadRunner says its goal is not only to provide the most reliable and affordable waste and recycling management services but to help businesses and governments reduce their environmental impact using modern technology. To date, RoadRunner says its tech-enabled recycling solutions have improved recycling rates by an average of 10 times for customers. By integrating Compology's 150 million data points with its current service offering, RoadRunner says it will have the data capabilities necessary to further enhance recycling rates, lower carbon emissions and enable accurate ESG reporting.
This year, RoadRunner more than doubled its employee headcount, with nearly 600 employees and growing. As RoadRunner integrates Compology's technology and people, it says it will continue to grow its team and expand to new markets.