PMGC Holdings Inc. Signs Letter of Intent for Strategic Acquisition of CNC Machine Shop

Deal News | Jun 16, 2025 | Globenewswire

PMGC Holdings Inc., a diversified public holding company, has signed a non-binding Letter of Intent to acquire a California-based CNC machining company that has been operational for over 35 years. This target company holds important certifications such as AS9100D and ISO 9001:2015, making it an attractive acquisition for PMGC due to its reliability and longstanding client relationships in the aerospace, defense, and industrial markets. PMGC sees this potential acquisition as strategic in light of geopolitical dynamics and emerging supply chain needs, aligning with national efforts to bolster American manufacturing capabilities. Closing the acquisition is contingent upon the completion of routine procedures and documentation. This move is part of PMGC’s broader M&A strategy to acquire U.S.-based manufacturing businesses with strong fundamentals.

Sectors

Aerospace and Defense
Manufacturing
Industrial

Geography

United States – Both PMGC Holdings Inc. and the acquisition target are based in the United States, highlighting the domestic focus of the acquisition strategy.

Industry

Aerospace and Defense – The Target company serves customers in the aerospace and defense sectors, which require high precision manufacturing and stringent quality certifications.
Manufacturing – The core business activity of the Target company involves precision CNC machining, which is fundamental to manufacturing operations across various industries.
Industrial – PMGC’s acquisition target serves industrial markets, demonstrating relevance and application within this sector.

Financials

$1.4 million – Target company’s revenue in 2024.
$215,000 – Target company’s adjusted EBITDA in 2024.

Participants

Name	Role	Type	Description
PMGC Holdings Inc.	Bidding Company	Company	A diversified public holding company engaged in strategic acquisitions and investments across multiple industries.
Target Company	Target company	Company	A CNC machining business in California, specializing in precision manufacturing for aerospace, defense, and industrial sectors.