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



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



<h2>PMGC Expands Aerospace Manufacturing Platform</h2>



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



A&amp;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&amp;B Aerospace generated approximately $5 million in revenue and about $610,000 in management-adjusted EBITDA.



<h2>Deal Terms And Strategic Focus</h2>



PMGC acquired 100% of A&amp;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&amp;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&amp;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.



<h2>PMGC Stock Price Movement in Premarket Trading</h2>



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



Photo via Shutterstock

ELAB

PMGC Holdings Inc. (NASDAQ:ELAB) shares rose 10.87% in premarket trading following the acquisition of A&B Aerospace for $4.5 million. This marks PMGC's fifth acquisition in 12 months, expanding its aerospace manufacturing platform. A&B Aerospace, based in California, specializes in precision machining for aerospace and defense, serving clients like Boeing and Honeywell. The deal includes a cash payment of $4.275 million at closing and a $225,000 holdback, with A&B continuing operations under its current president and facility lease.

PMGC Grabs Precision Parts Maker Serving Boeing, Honeywell