Ecovyst Inc. (NYSE:ECVT) is looking for acquisitions. During the company's first quarter 2023 earnings call, Michael Feehan, Chief Financial Officer, said that "Given our expectation for strong cash generation over the balance of the year, we will maintain a balanced approach to capital allocation. We will prioritize investment in operational improvements and organic growth.

And while we continue to pursue accretive bolt-on acquisitions in the current environment, we will also maintain a focus on leverage reduction with expected adjusted EBITDA growth and strong cash generation, excluding any potential M&A transactions that would allow for a clear path for leverage reduction, our net leverage target remains in the mid- to low 2x range".