PMGC Acquires A&B Aerospace
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
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PMGC has acquired A&B Aerospace. Founded in 1948, A&B Aerospace is a precision machining and aerospace manufacturing company specializing in high-tolerance parts and assemblies for the aerospace industry. A&B Aerospace operates more than twenty modern CNC machines with full five-axis machining capabilities and maintains AS9100 and ISO 9001 certifications.
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Analyst Views on ELAB
About ELAB
PMGC Holdings Inc. is a diversified holding company. Its operating companies include Northstrive Biosciences Inc., PMGC Capital LLC, Pacific Sun Packaging, Inc. AGA Precision Systems LLC, NorthStrive Defense Tech LLC and A&B Aerospace, Inc. Northstrive Biosciences Inc. is a biopharmaceutical company focusing on development and acquisition of aesthetic medicines and therapeutic products. PMGC Capital LLC is a multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. Pacific Sun Packaging, Inc. is a specialty packaging provider focused on high-precision, component-level packaging solutions for the electronics and information technology hardware industries. AGA Precision Systems LLC is a specialized computer numerical control machine shop. NorthStrive Defense Tech LLC is focused on identifying, acquiring and commercializing advanced defense technologies (emphasis on drone and autonomous systems).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Acquisition Overview: PMGC plans to acquire a 76% controlling interest in an Arizona-based precision machining and contract manufacturing company for cash, with existing owners retaining 24%, which is expected to significantly enhance PMGC's revenue base in aerospace and defense sectors.
- Financial Performance Highlights: The target company is projected to generate approximately $5.46 million in revenue and $1.05 million in EBITDA for fiscal year 2025, which will provide PMGC with stable cash flow and a strong backlog, further boosting its profitability.
- Integration and Synergies: Integration with PMGC will improve the target company's operational efficiency and enhance cross-selling opportunities across existing customer relationships, thereby increasing overall market competitiveness and driving business growth.
- Positive Market Sentiment: Despite ELAB's stock declining over 94% year-to-date, market sentiment remains 'extremely bullish', with investors believing that adding over $1 million in EBITDA will serve as a significant fundamental growth driver.
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- Acquisition Intent: PMGC Holdings has signed a non-binding letter of intent to acquire a 76% controlling interest in a precision machining and contract manufacturing company based in Arizona, with existing owners retaining a 24% minority stake post-transaction, indicating PMGC's strategic expansion in the manufacturing sector.
- Financial Performance: According to unaudited financial information provided to PMGC, the target company generated approximately $5.46 million in revenue and about $1.05 million in EBITDA for fiscal year 2025, reflecting its profitability and cash-generating capabilities within the industry.
- Business Diversification: If consummated, the transaction would further diversify PMGC's consolidated revenue base across aerospace, defense, semiconductor, and industrial sectors, enhancing its market position in multiple high-growth industries.
- Strong Order Visibility: This acquisition will add a profitable manufacturing business with recurring revenue and strong backlog visibility to PMGC, expected to provide stable cash flow support for the company's future growth.
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- Acquisition Overview: PMGC Holdings Inc. has signed a non-binding letter of intent to acquire a 76% controlling interest in an Arizona-based precision machining company for cash, with the target generating approximately $5.46 million in revenue and $1.05 million in EBITDA for fiscal year 2025, indicating a strong market position in aerospace and defense.
- Compliance Certification Advantage: The target company holds AS9100, ISO 9001:2015 certifications, and ITAR registration, qualifying it for stringent aerospace and defense projects, which is expected to enhance PMGC's competitiveness in the high-precision components market and provide significant visibility into future orders.
- Strategic Integration Potential: This acquisition will create synergies with PMGC's existing subsidiaries, including AGA Precision Systems, SVM Machining, and A&B Aerospace, expanding its market share in commercial aerospace, defense, and industrial supply chains, further diversifying revenue streams.
- Future Audit Plans: PMGC is conducting a two-year historical financial audit of the target, aiming to complete the transaction before Q4 2026, although there are risks that the audited results may differ significantly from the unaudited financial information provided by the target.
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- Acquisition Overview: PMGC Holdings Inc. has completed the acquisition of A&B Aerospace, marking its fifth acquisition in the past 12 months and further advancing its consolidation strategy in the U.S. precision manufacturing sector, which is expected to enhance its market competitiveness.
- Stable Customer Base: A&B Aerospace has established contracts with long-standing Tier 1 customers such as Boeing, Honeywell, and Moog, ensuring ongoing demand in the aerospace and defense sectors, thereby providing PMGC with a stable revenue stream.
- Significant Technical Advantages: A&B Aerospace specializes in high-tolerance machining and complex component manufacturing, operating over 20 modern CNC machines with full 5-axis capabilities, maintaining strict tolerances of ±0.0001 inches, which enhances PMGC's technical barriers to entry.
- Comprehensive Financial Support: GB Capital provided extensive financial due diligence and post-closing integration support throughout the transaction lifecycle, including standardizing financial reporting and internal controls, ensuring PMGC's compliance and operational efficiency post-acquisition.
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- Revenue Growth: Elevai Labs reported Q1 revenue of $0.68 million, indicating strong market performance that is expected to drive future business expansion and investment opportunities.
- Asset Increase: As of March 31, 2026, total assets rose to approximately $26.0 million, up 102% from $12.87 million at year-end 2025, demonstrating the company's success in capital management and resource allocation.
- Shareholder Equity Growth: Shareholders' equity increased to approximately $12.6 million, a 61% rise from $7.84 million at year-end 2025, reflecting enhanced profitability and increased shareholder value.
- Improved Cash Flow: Cash and cash equivalents ended the quarter at approximately $14.4 million, significantly up from $5.4 million at year-end 2025, marking the largest cash balance in the company's history and providing ample funding for future investments.
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- Significant Asset Growth: As of March 31, 2026, PMGC Holdings reported total assets of approximately $26 million, a 102% increase from $12.87 million at the end of 2025, reflecting strong performance in financing and M&A activities that enhance financial stability.
- Shareholder Equity Increase: Shareholder equity rose to approximately $12.6 million, up 61% from $7.84 million at year-end 2025, indicating improved profitability and providing a stronger capital base for future investments and expansions.
- Revenue Surge: Q1 2026 revenue reached approximately $682,000, a significant increase from zero in the same period of 2025, and surpassing the entire FY2025 revenue of $590,000, demonstrating rapid revenue growth post-acquisition.
- Strategic Investment Expansion: The company formed NorthStrive Defense Tech LLC in April 2026 to focus on acquiring and commercializing advanced defense technologies, while also entering into a $40 million equity purchase agreement with an investor, ensuring future capital flexibility to support M&A activities.
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