Perimeter Solutions, SA (NYSE:PRM) is looking for acquisitions. Haitham Khouri, Chief Executive Officer said, "Turning to M&A. Over the past 12 to 18 months, capital markets have been challenging and overall M&A activity has been tepid. This challenging market backdrop, combined with the consecutive mild fire seasons over the same time frame, have impacted our M&A efforts.

However, we believe that slow M&A markets and soft fire seasons are transitory phenomena. In the meantime, we are honing our operational playbook and building our M&A pipeline. We are confident that we will eventually acquire the right business where our 3Ps playbook applies, and therefore, where we expect to drive improvements in line with what we've delivered at our different businesses so far at Perimeter.

M&A remains a key part of our long-term value-creation playbook. Between our available cash balance and the significant free cash flow we expect to generate in the second half of 2023, which Chuck will touch on here shortly, we believe that we're well positioned to take advantage of any potential compelling capital allocation opportunities that might arise, including potential acquisitions, significant share repurchases or otherwise".