RE:RE:SHARE BUY BACKS Greg Crawford
We think that we can still acquire companies in this 4x to 5x range prior to any synergies, which is where we've historically acquired companies say in the 20 million and under space, and that's where we see a lot of opportunity for us in the future, and that will be those tuck-ins.
And then, historically we've got one to two turns of synergies. So, we think ultimately, it's all about building that long-term value. So even if our stock right now is probably trading at less than 3.5x. So, we're still going to end up creating long-term value, which is our goal.
Justin Keywood
What's the potential timing for M&A? Is that something that could occur this calendar year?
Greg Crawford
Yes. We're diligently working the pipeline, and we're actually quite surprised with the pipeline and we've been able to reinvigorate after pivoting around the challenges that we faced in the first part of the year. So, we'll diligently be working on deals and closing them as quick as possible.