Shares of PMGC Holdings Inc (NASDAQ:ELAB) climbed 9.5% in premarket trading on Wednesday after the company revealed it had purchased A&B Aerospace, Inc., a precision machining and aerospace manufacturing business based in Azusa, California.
The acquisition represents PMGC’s fifth transaction over the past twelve months and advances the company’s roll-up approach to assembling a U.S.-centric precision manufacturing platform. PMGC targets AS9100D-certified CNC machining businesses that supply aerospace, defense, and industrial customers.
Founded in 1948, A&B Aerospace specializes in producing high-tolerance parts and assemblies for the aerospace sector. The business operates more than twenty modern CNC machines with full 5-axis machining capability and maintains both AS9100 and ISO 9001 certifications.
For the trailing twelve-month period ended February 28, 2026, A&B Aerospace reported approximately $5.0 million in revenue and roughly $610,000 in management-adjusted EBITDA.
PMGC acquired 100% of A&B Aerospace’s outstanding shares for a base purchase price of $4.5 million in cash. The consideration consists of $4.275 million paid at closing and a $225,000 indemnification holdback. The purchase price is subject to customary post-closing adjustments based on the final cash balance and net working capital.
Leadership continuity at A&B Aerospace is part of the deal structure: Jack Badeau, the company’s current President, will remain in his role under an employment agreement. The business will continue operations at its existing Azusa facility.
A&B lists Tier 1 companies among its customers, including Boeing, Honeywell International Inc., and Moog Inc. PMGC is a diversified holding company focused on executing a targeted roll-up strategy in U.S.-based precision manufacturing firms.
Context and implications
The transaction adds another AS9100D-capable machining operation to PMGC’s portfolio, consistent with the company’s stated strategy of consolidating U.S. precision manufacturing assets that serve aerospace, defense, and industrial markets.
Terms of the agreement include standard post-closing adjustments and an indemnification holdback, and the acquired business will remain in place operationally and under current management as it transitions into PMGC’s platform.