Core Viewpoint - PMGC Holdings Inc. has entered into a non-binding Letter of Intent to acquire a U.S.-based CNC machining company specializing in high-complexity components for the aerospace and defense sectors [1] About the Target Company - The target company, founded in 1948, is AS9100 and ISO 9001 certified, specializing in precision aerospace components [2] - It operates a modern facility equipped with 5-axis CNC machines and advanced CAD/CAM and ERP systems, offering a full range of secondary services including grinding, EDM, and honing [2] - The company serves commercial and defense aerospace customers, delivering high-quality parts with ultra-tight tolerances and cleanroom-capable production [2] Financial Overview - The target company reported a revenue of approximately $4.5 million and an adjusted EBITDA of $500,000 for 2024, indicating consistent profitability [3] - Its growth has been entirely organic, relying on customer referrals, repeat business, and trusted vendor relationships [3] Strategic Fit - This acquisition aligns with PMGC's strategy to acquire specialized U.S. manufacturers in sectors where quality and technical expertise are crucial [4] - The aerospace sector is experiencing increased demand for certified domestic suppliers due to federal incentives and geopolitical factors promoting onshoring and supply chain resiliency [4] Management Perspective - PMGC's CEO highlighted the target company's integration into high-trust aerospace supply chains and its consistent earnings as key factors making it a natural fit for PMGC's platform [5] - The closing of the acquisition is subject to customary conditions, including due diligence and corporate approvals [5]