Booz Allen Hamilton Holding Corporation (NYSE:BAH) is looking for acquisitions. Horacio Rozanski, President and Chief Executive Officer said, "Our multiyear investment thesis centers on growing adjusted EBITDA to $1.2 billion to $1.3 billion by fiscal year 2025. We have said we expect to achieve that goal through a combination of above-market organic revenue growth, strong and stable margins with capacity to invest in our people and capabilities and capital deployment that prioritizes strategic acquisitions.

Our first quarter results demonstrate we are on track to achieve our adjusted EBITDA target. We have excellent momentum and remain above expectations on organic growth and profit. While strategic acquisitions continue to be a priority, our pipeline of opportunities is more limited than we expected.

On balance, this probably means that we will reach our multiyear targets through greater organic contribution while simultaneously retaining increased flexibility to deploy capital in response to market conditions".