CEMATRIX Corporation (TSX:CEMX) is looking for acquisitions. During the 2026 financial results conference call, Randy Boomhour, President and Chief Executive Officer, said, "The only new capital should be in support of an accretive acquisition. And further that, we also have capital to deploy.
So, we're looking to continue to grow organically and via acquisition. And so we believe that the first acquisition we do should be done 100% with our balance sheet, which means it's 100% accretive to shareholders, and that's what we're working on." Randy Boomhour further said"We recognize the importance of M&A. We recognize the importance of growing the top line. So we're in conversations with a lot of people.
I would say the vast majority of them don't have an interest in transacting. Some of the ones that do have an interest in transaction are frankly, out to lunch on valuation. And so we have to find that sweet spot between what's a good valuation and what's a good fit for our company.
And as I said many times, we will never do a transaction just to do a transaction. I won't do a transaction just to grow top line. I will only do it if I think it's accretive to our bottom line and it's going to add value.
So we are not overly focused on revenue. We're overly focused on making money, and that's our primary driver. So long-winded answer to say we're working on it, but I don't have any indications to say whether something is going to happen in the next 6 months or even next 2 years, just that we're working on it, and we understand the importance of it." "I mean what that person is talking about essentially, could we greenfield something And we could.
But greenfield takes a lot of work. There's years where you're probably not even breaking even. And so we want to make sure we exhaust acquisition opportunities first.
But those don't present themselves and there's a market that we're really interested in, we'll do absolutely that.
