RE:Run-Rate $180M Justin Keywood
Okay. So a little higher than 135, but still below the reiterated guidance of $180 million to $190 million. So that implies that there's a lot of M&A opportunity in the back half of the year. How confident are you in executing on that M&A? And what are some of the factors that could defer some of those processes into the next year?
Hardik Mehta
Sure. So one thing to just make sure, I think we are accurate that the guidance that we have is what an annualized run rate would look like as we exit 2022 and end of 2023, right? And so yes, you're right, between now and the rest of the year, we do expect M&A and organic growth to get us to the annualized run rate that we have forecasted or given guidance on. We feel pretty confident that we would be able to get into that range. Our pipeline is pretty solid. We continue to enter into LOIs and execute on those. And there are no indications for us to believe that something will stall or we won't be able to get to that point as we stand today.
Greg Crawford
I think -- this is Greg. I think it's also worth noting in that historically in that if you go back and look over the last three-plus years, we've been very active on the M&A front in the back half of the year and expect to even be here in the near term.