That tells me they are looking at companies that have presented themselves as acquisitions and PBLS is doing their due diligence (DD) looking at the books on each company as a potential, profitable fit.
I believe there are many business which before Katrina were viable profitable co's and are now perhaps without a full labor force, and/or are now looking at the escalating prices of raw materials to begin the rebuild process.
Phoenix is in an extremely enviable position to pick and choose acquisitions.