PC Connection, Inc. (NasdaqGS:CNXN) is looking for M&A. During the company's first quarter 2023 earnings conference call, Thomas Baker, Senior Vice President and Chief Financial Officer said that “Our goal is to maximize shareholder value while maintaining financial flexibility. We continue to assess M&A opportunities and other capital allocations, such as dividends and stock buybacks”. Timothy McGrath, President and Chief Executive Officer said that “Yes.

So, we are starting to see valuations come down, albeit it's a good start. But clearly, when it comes to M&A, we remain very focused on tuck-in acquisitions that give us good solutions, additional capability. So, areas would include, from our perspective, cloud, security and, of course, that advanced technology focused space”.