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PMGC Holdings Inc. Announces Over $711,000.00 in Sales Backlog at AGA Precision Systems LLC and Provides Corporate Update
Globenewswire· 2025-10-20 11:30
Core Viewpoint - PMGC Holdings Inc. announced that its subsidiary AGA Precision Systems LLC has a sales backlog of over $711,000 and is actively bidding on additional orders totaling over $700,000, indicating strong demand and growth momentum in the aerospace and defense sectors [1] Group 1: Sales and Demand - AGA has reported a sales backlog of approximately $711,000 in current orders [1] - AGA is bidding on additional Request for Quotations totaling over $700,000 from new customers [1] - The backlog and pending orders reflect robust demand and strengthen AGA's position in precision machining [1] Group 2: Capability Expansion - AGA has expanded its manufacturing capabilities with the purchase of high-performance machinery, including state-of-the-art CNC systems [2] - The new machinery is designed for true 5-axis simultaneous machining, improving accuracy and throughput [2][4] - This expansion is expected to enhance AGA's ability to meet technical requirements in aerospace-grade materials [4] Group 3: Team Growth and Community Impact - AGA now employs over 15 full-time personnel and anticipates doubling its production capacity within the next year [5] - The company aims to create additional skilled manufacturing jobs in the Santa Ana community, contributing to local economic growth [5] Group 4: Company Background - AGA Precision Systems LLC specializes in high-tolerance milling, turning, and machining of complex metals, serving the aerospace, defense, and industrial sectors [6] - The company has built a strong reputation for quality and reliability, growing its business through referrals and repeat orders [7]
PMGC Holdings Inc. Signs Letter of Intent to Acquire Profitable U.S.-Based AS9100D & ISO 9001:2015 Certified CNC Machine Shop Serving Aerospace, Defense, and Industrial Markets for over 35 years
Globenewswire· 2025-06-16 12:00
Core Viewpoint - PMGC Holdings Inc. has signed a non-binding Letter of Intent to acquire a cash-flow positive CNC machining company in California, which has over 35 years of operational history [1] About the Target Company - The target company specializes in precision milling, turning, mold manufacturing, and works with exotic metals such as titanium and Inconel [2] - It holds AS9100D and ISO 9001:2015 certifications, which are essential for major aerospace and defense contractors [2] - In 2024, the target generated approximately $1.4 million in revenue and $215,000 in adjusted EBITDA [3] Strategic Rationale - The acquisition aligns with PMGC's strategy of acquiring U.S.-based, cash-flow-positive manufacturing businesses with strong fundamentals and growth potential [4] - The target's established customer relationships and reputation for quality are seen as significant advantages [4] - Recent geopolitical dynamics and supply chain vulnerabilities are expected to accelerate efforts to rebuild American manufacturing capabilities, benefiting companies like the target with necessary certifications [4] - Demand for qualified U.S.-based suppliers is increasing as defense and industrial clients prioritize secure, high-quality domestic partners [4] Company Overview - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions across various industries [6] - The company currently has three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC [6] - This acquisition marks PMGC's third pending acquisition since April 2025, indicating a robust M&A strategy with more deals expected [7]