PMGC Holdings announced it has acquired A&B Aerospace, a precision-machining and aerospace-manufacturing company serving the aerospace and defense industry, including Boeing, Honeywell International Inc., and Moog Inc.
The acquisition advances PMGC’s broader roll-up strategy focused on building a U.S.-based precision manufacturing platform centered on AS9100D-certified CNC machining businesses serving aerospace, defense, and industrial markets.
Founded in 1948 and headquartered in Azusa, California, A&B Aerospace specializes in high-tolerance parts and assemblies for aerospace applications. The company operates more than 20 modern CNC machines with full 5-axis machining capabilities and provides advanced CNC machining, grinding, honing, and precision deburring services. A&B Aerospace maintains AS9100 and ISO 9001 certifications and supports aerospace and defense applications requiring tolerances as tight as ±0.0001 inches.
The transaction marks PMGC’s fifth acquisition in the past 12 months. For the trailing twelve-month period ended February 28, 2026, A&B Aerospace generated approximately $5.0 million in revenue and about $610,000 in management-adjusted EBITDA, according to unaudited figures disclosed by the company.
Under the terms of the transaction, PMGC acquired 100% of A&B Aerospace’s issued and outstanding shares on a cash-free, debt-free basis. The base purchase price totaled $4.5 million in cash, including $4.275 million paid at closing and a $225,000 indemnification holdback. The agreement also includes customary post-closing adjustments tied to cash balances and working capital targets.
As part of the acquisition, Jack Badeau will continue serving as President of A&B Aerospace under an employment agreement, and the company will continue operating from its existing facility in Azusa, California.
PMGC said the acquisition aligns with its strategy of acquiring businesses operating in high-value industrial verticals with significant technical barriers to entry and durable customer relationships. The company noted that aerospace and defense customers are increasingly prioritizing domestic manufacturing, reshoring initiatives, and supply chain security, creating favorable conditions for certified U.S.-based precision manufacturers.
The company also highlighted broader aerospace and defense market tailwinds supporting the acquisition. PMGC cited forecasts from Boeing projecting demand for approximately 43,600 new commercial aircraft over the next 20 years, alongside increased U.S. defense appropriations and growing demand for qualified domestic suppliers.
According to PMGC, the supply of AS9100D-certified domestic manufacturers remains constrained, while aerospace and defense OEMs continue consolidating their supplier networks around proven and scalable partners. The company believes that rigorous qualification and inspection requirements create durable relationships and reinforce customer retention among precision machining suppliers.
PMGC Holdings operates as a diversified holding company pursuing acquisitions and investments across multiple industries.
