Oshkosh Corporation (NYSE:OSK) is looking for M&A. Michael Pack, Chief Financial Officer said, "Thinking about capital allocation, you'll see we are investing heavily in our business with a new product developed, some facility moves as well as recent M&A activity. M&A will continue to be an important part of our strategy going forward. But importantly, we're focused more on bolt-on type acquisitions.

I would say, relatively speaking, our AeroTech acquisition was a bit larger for us, yet still a bolt-on. So I would expect us to remain active over the next several years. But it seems like the sweet spot for a lot of the M&A activity is sort of in that $100 million to $200 million range.

So that's -- expect to continue to see that. We do expect that some of our -- we will be starting to lap some of our electrification, other NPD investments as well as facility investments".