finance
PMGC Holdings Signs Non-Binding LOI to Acquire 76% of Arizona Precision Machining Company
PMGC Holdings Inc. announced a non-binding letter of intent to acquire a 76% controlling interest in an Arizona-based precision machining company founded in 2006. The target generated $5.46 million in revenue and $1.05 million in EBITDA for fiscal year 2025.
Jun 1, 7:31 AM·2m read1 source
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PMGC Holdings Inc. entered into a non-binding letter of intent to acquire a 76% controlling interest in a privately held Arizona-based precision machining and contract manufacturing company. The target company's existing owners would retain a 24% minority interest following closing of the transaction.
The target company was founded in 2006. 05 million in EBITDA for fiscal year 2025 according to unaudited financial information provided by target management. The company maintained an adjusted EBITDA margin of over 20% on a trailing-twelve-month basis.
The target company's aerospace and defense end-market exposure rose from a single-digit share of revenue to more than 30%. The company specializes in high-tolerance, multi-axis CNC machining including Swiss machining, multi-axis milling, and multi-tasking turning of complex metal and plastic components.
It machines materials including aluminum, brass, stainless steel, titanium, Inconel, and engineered plastics.
The target company offers value-added capabilities including laser marking, ultrasonic cleaning, microscopic deburring, microblasting, CMM inspection, and light assembly. It is AS9100 compliant, ISO 9001:2015 certified, and ITAR registered. The company serves customers across the aerospace, space, defense, flow control, semiconductor, medical device, and equipment manufacturing sectors.
The target company's average customer relationship spans approximately a decade. A majority of the target company's revenue is derived from repeat and long-term customers. The company has a multi-year order backlog.
