Marcus & Millichap, Inc. (NYSE:MMI) is looking for acquisition opportunities. President and Chief Executive Officer, Hessam Nadji said, "We remain confident in the long-term potential for MMI's unique platform and the opportunities that lie ahead, including scaling our core business and expanding into adjacent businesses that add value to our clients and sales force. We continue to evaluate a number of acquisition opportunities in both areas, undeterred by the bid-ask spread we have experienced on the M&A front over the past 2 years.
Our capital position and strategy, which balances returning capital to shareholders while maintaining significant buying power remain key advantages that we're committed to building on for our shareholders, clients and the MMI team. We have some active dialogue going on in our core business with some boutiques and tuck-in potential acquisitions, both on the company front and on large teams that would be a nice fit to some of our metros and some of our product types. Those are ongoing, and we're encouraged by pretty much the majority of those discussions, I will say".
