H&E Equipment Services, Inc. (NasdaqGS:HEES) will seek acquisitions. During First Quarter 2023 Earnings Conference Call John Engquist, President and Chief Operating Officer said, "As far as M&A, the M&A pipeline still remains strong. There's lots of opportunities out there.

We're consistently betting deals. And hopefully, we'll be able to capitalize on that this year, but we're going to continue to pursue acquisitions that meet our needs and fit what we're looking for". Bradley Barber Chief Executive Officer said, "Brian, let me add.

As John just stated, our pipeline for acquisition opportunities is, relatively speaking, as strong as it has ever been. At the same time, we're as disciplined as we've ever been. We just simply will not overpay for poor assets in questionable markets or old rental fleets.

And so we hope to continue to do 1 or 2 tuck-in acquisitions a year. But when you see us do an acquisition, you can know that it checked all of the boxes for us and that we take a somewhat of a conservative approach to deploying capital because we know we can continue to stamp out 10 to 15 locations a year and get substantial returns on those assets. Now it's not one or the other.

We can do both. We've got more than enough adequate bandwidth for both internally, operationally. You can look at our balance sheet and see it supports substantially more than we're investing.

So as John said, hopefully get 1 or 2 done this year. Pipeline is strong, but we're going to remain disciplined with where we deploy our capital with acquisitions".