CONSOLIDATORS - Slowing, but Growing

Davis: Some of the people who were driving consolidation may have a debt level now that won't allow them to make any acquisitions. The number of people who are actually acquiring companies is probably less than it was in the past. A lot of companies that were for sale in the last three or four years have been sold, so I think the pace of acquisitions might be a little slower in the future because there's not as many companies available for sale. The same forces that we've had driving consolidation are still here: technology, capital availability, requirement to invest in new equipment, and customers that want a national organization to service them from many locations.