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.