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And as we think about the 200-plus targets that are in our tuck-in pipeline, that’s the right magnitude to expect.
And if we are doing between two and four of those per quarter, that’s pretty much the cadence we have been on for the last three years and I don’t see any real change in mix in terms of the composition of the tuck-in pipeline.
And so we do have room to do more on the buyback, and we also have room to continue to cultivate some of the bolt-on tuck-in activity that we historically do.
As far as “work to do”, I would also expect further tuck-in M&A.
But if we see good opportunities and there of the tuck-in nature, we aren’t going to wait, we will make sure we do that.
Going forward, we plan to continue to reinvest in growth through R&D and also expect to continue to fund at future tuck-in acquisitions.
I think we're always on the prowl looking for good tuck-in acquisitions.
So maybe just high-level comments on capital allocation when we think of internal investment, the debt service out of the gate here post spin, tuck-in M&A and then return to free cash holders?
We will now shift our capital allocation priorities in favor of enhancing our balance sheet strength via gross leverage reduction, and select tuck-in M&A.”
Source: https://www.benzinga.com/news/small-cap/23/02/30738489/why-daseke-shares-are-trading-higher-today