- PMGC Holdings Inc. (ELAB, Financial) completes acquisition of AGA Precision Systems LLC.
- The acquisition increases PMGC's estimated total annualized revenue to over $2.25 million.
- AGA contributes $1.39 million in revenue and strengthens PMGC's position in aerospace and defense sectors.
PMGC Holdings Inc. (NASDAQ: ELAB), a diversified public holding company, has successfully completed the acquisition of AGA Precision Systems LLC, a California-based CNC machining company. The strategic acquisition of AGA, which reported $1.39 million in revenue for 2024 and consistent profitability, is the second bolt-on purchase under PMGC's roll-up strategy and boosts the company's estimated total annualized revenue to over $2.25 million.
This acquisition enhances PMGC's foothold in the aerospace, defense, and industrial markets, aligning with the broader trend of reshoring manufacturing operations in the United States. The transaction aligns with PMGC's strategy to acquire U.S.-based, cash-flow-positive industrial businesses that bolster mission-critical supply chains.
AGA Precision Systems LLC specializes in high-tolerance milling, turning, mold manufacturing, and machining of complex metals such as titanium and Inconel. The company has built a reputation for quality and reliability, serving mission-critical industries with precision components. AGA will continue operations under its current leadership with strategic oversight from PMGC.
With the global CNC machine tool market projected to grow significantly, PMGC's acquisition of AGA, along with the recent acquisition of Pacific Sun Packaging, positions it well for future growth in cash-flow-positive U.S.-based manufacturing sectors.
