Patrick Industries, Inc. (NasdaqGS:PATK) is looking for acquisitions. Patrick Industries is looking for acquisitions. Andy Nemeth, CEO said during the Third Quarter 2023 Earnings Conference Call, "I think, again, as we talked about from a liquidity perspective and a leverage perspective, we feel really good about our positioning right now to be able to actively look at and evaluate acquisitions.

Our pipeline continues to be full, both organically and we are getting deal flow. Deal flow has actually slowed down from external participants, but the deals that we're cultivating, which we are constantly doing on the organic side continue to be there. And as we look at valuations, I would tell you that valuations are stable from our perspective.

I think as we look at modeling where everybody -- where the disconnect today is that on a normalized run rate basis with valuation expectations is really kind of just the gap that's there today. But as we look at our model and the gap that's there today. y. But as we look at our model and we look at where we're at and the businesses that are attractive to us, we feel like we're in a really good position to be offensive if we want to here with the liquidity position that we've got and as well the leverage position.

So we're going to take advantage of opportunities that pop up. but we are also actively cultivating acquisition targets as well".