Key insights
- PMGC Holdings (ELAB) stock jumped nearly 10% premarket after announcing the acquisition of A&B Aerospace, a precision machining company. This acquisition, PMGC's fifth in a year, advances its roll-up strategy in the U.S. precision manufacturing sector. While positive for ELAB, the limited scale of the deal and PMGC's market cap suggest a minimal broader impact on U.S. equities.
Investing.com -- PMGC Holdings Inc (NASDAQ:ELAB) shares surged 9.5% in premarket trading Wednesday following the company’s announcement of its acquisition of A&B Aerospace, Inc., a precision machining and aerospace manufacturing company.
The acquisition marks PMGC’s fifth purchase in the past twelve months, advancing the company’s roll-up strategy focused on assembling a U.S. precision manufacturing platform of AS9100D-certified CNC machining businesses serving aerospace, defense, and industrial markets.
Founded in 1948, A&B Aerospace is headquartered in Azusa, California, and specializes in high-tolerance parts and assemblies for the aerospace industry. The company operates more than twenty modern CNC machines with full 5-axis machining capabilities and maintains AS9100 and ISO 9001 certifications.
For the trailing twelve-month period ended February 28, 2026, A&B Aerospace recorded approximately $5.0 million in revenue and approximately $610,000 in management-adjusted EBITDA.
PMGC acquired 100% of A&B Aerospace’s shares for a base purchase price of $4.5 million in cash, consisting 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 final cash balance and net working capital.
Jack Badeau, the current President of A&B Aerospace, will continue serving in his role pursuant to an employment agreement. A&B Aerospace will continue operating from its existing facility in Azusa, California.
The company serves Tier 1 customers including Boeing, Honeywell International Inc., and Moog Inc. PMGC is a diversified holding company executing a targeted roll-up strategy in U.S.-based precision manufacturing companies.
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