PMGC Grabs Precision Parts Maker Serving Boeing, Honeywell

Diversified holding company PMGC Holdings Inc. (NASDAQ:ELAB) shares rose in Wednesday premarket trading after a new acquisition announcement.

PMGC acquired A&B Aerospace for $4.5 million, marking its fifth acquisition in the past 12 months.

PMGC Expands Aerospace Manufacturing Platform

PMGC acquired California-based A&B Aerospace, a precision-machining and aerospace manufacturing company serving the aerospace, defense, and industrial markets.

A&B Aerospace was founded in 1948 and is headquartered in Azusa, California. The company manufactures high-tolerance parts and assemblies for aerospace and defense applications.

The company operates more than 20 CNC machines with full 5-axis machining capabilities and maintains AS9100 and ISO 9001 certifications. Its customers include Boeing Co. (NYSE:BA), Honeywell International Inc. (NASDAQ:HON) and Moog Inc. (NYSE:MOG).

For the trailing 12-month period ended Feb. 28, 2026, A&B Aerospace generated approximately $5 million in revenue and about $610,000 in management-adjusted EBITDA.

Deal Terms And Strategic Focus

PMGC acquired 100% of A&B Aerospace for a base cash purchase price of $4.5 million. The deal included $4.275 million paid at closing and a $225,000 indemnification holdback.

The transaction remains subject to customary post-closing adjustments tied to cash balance and net working capital targets.

Jack Badeau, A&B Aerospace's current president, will continue in his role under an employment agreement, while the company will continue operating from its Azusa facility under a lease signed at closing.

PMGC said the acquisition supports its strategy of building an AS9100D-certified CNC machining platform focused on aerospace, defense and industrial end markets.

The company said it views A&B Aerospace as aligned with its strategy due to its technical capabilities, long-standing customer relationships and exposure to U.S. aerospace and defense supply chain demand.

PMGC Stock Price Movement in Premarket Trading

ELAB Price Action: PMGC Holdings shares were up 10.87% at $2.09 during premarket trading on Wednesday, according to Benzinga Pro data.

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