Latest news with #PMGC
Business Upturn
30-07-2025
- Business
- Business Upturn
PMGC Holdings Inc. Terminates LOI to Focus on Acquiring High-Growth CNC Precision Manufacturing Companies Serving Aerospace, Defense, and Industrial Markets
NEWPORT BEACH, Calif., July 30, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the 'Company', 'PMGC' or 'we'), a diversified public holding company, today announced that it has terminated the previously announced non-binding letter of intent, dated June 9, 2025, to acquire a profitable U.S.-based electronics manufacturing company. Following a strategic review and direction from its Board of Directors, PMGC has elected to narrow its merger and acquisition (M&A) focus toward CNC machine shops servicing the aerospace, defense, and industrial sectors. The Company believes this decision better aligns with its long-term growth strategy and capital allocation objectives, allowing it to build a highly specialized portfolio that benefits from sector-specific demand, scale efficiencies, and margin expansion. Industry Outlook The U.S. machine shop services market was estimated at approximately USD 44.7 billion in 2024, generated by around 17,100 companies employing over 259,000 people. Nearly one-third of this industry is concentrated in California, Texas, Ohio, and Michigan1. Over the next decade, the global machining market is projected to expand from USD 402.6 billion in 2024 to USD 755.7 billion by 2034, at a compound annual growth rate (CAGR) of 6.5%2 . Within the U.S., the machine tools segment—largely encompassing CNC metal-cutting—was valued at about USD 12.7 billion in 2025 and is expected to grow at a 3.4% CAGR from 2025 through 20303. Demand from aerospace, defense, and industrial sectors is particularly strong—new U.S. metalworking machinery orders surged 32.6% from February to March 2025, reaching USD 515.8 million, marking the highest monthly value since early 2023. Aerospace machine shops posted record-setting order volumes and capital investments amid reshoring momentum and robust defense procurement trends4. This structural growth reflects broader industrial tailwinds—including regulations and incentives such as the Creating Helpful Incentives to Produce Semiconductors and Science Act of 2022 (CHIPS Act) and Inflation Reduction Acts—positioning precision CNC machine shops as a high-growth, resilient segment critical to reshoring, national security, and global supply chain modernization. Pending CNC Manufacturing Acquisition: On June 24th, 2025 PMGC announced a non-binding Letter of Intent to acquire a profitable, AS9100 and ISO 9001-certified CNC precision machining company based in the United States. The target specializes in high-complexity aerospace and defense components, with a long-standing track record serving Tier-1 commercial and government clients. The target generated approximately $4.5 million in revenue and $500,000 in adjusted EBITDA in 2024. The transaction is currently pending and subject to due diligence and customary closing conditions. About PMGC Holdings Inc. PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit Forward-Looking Statements Statements contained in this press release regarding matters that are not historical facts are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as 'believes,' 'expects,' 'plans,' 'potential,' 'would' and 'future' or similar expressions such as 'look forward' are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC's filings with the United States Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. IR Contact: [email protected] __________________ 1 Vertical IQ 2 3 4 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
18-07-2025
- Business
- Yahoo
PMGC Holdings Inc. Completes Acquisition of CNC Machining Company - AGA Precision Systems LLC
Adds $1.39 Million in Cash-Flow-Positive Revenue from a CNC Machining, Mold Manufacturing, and Specialty Metals Operation Serving the Aerospace, Defense, and Industrial Markets. Adds to PMGC's U.S. Manufacturing Revenue Through a Second Bolt-On Acquisition Under Its Roll-Up Strategy, Bringing Estimated Total Annualized Revenue to Over $2.25 Million. NEWPORT BEACH, Calif., July 18, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: ELAB) (the 'Company,' 'PMGC' or 'we'), a diversified public holding company, today announced that it has completed the acquisition of AGA Precision Systems LLC ('AGA'), a California-based CNC machining business that generated over $1.39 million in revenue in 2024 and has a track record of profitability. The transaction reflects PMGC's continued focus at both the management and strategic levels on acquiring U.S.-based, cash-flow-positive industrial businesses with capabilities that strengthen mission-critical supply chains. It also aligns with broader industry momentum toward US based manufacturing, reshoring, which are revitalizing America's aerospace, defense, and precision manufacturing sectors. About AGA Precision Systems LLC AGA Precision Systems LLC is a specialized CNC machine shop focused on high-tolerance milling, turning, mold manufacturing, and machining of complex metals including titanium and Inconel. The company serves customers across the aerospace, defense, and industrial sectors, delivering precision components to demanding technical specifications. Founded over a decade ago, AGA has built a strong reputation for quality and reliability, having grown its business exclusively through referrals and repeat orders without a formal sales or marketing function. Its long-standing customer relationships and niche capabilities have supported consistent operating profitability from its base in California. The company will continue operations with existing leadership and under the guidance of a new experienced machine shop management team, supported by strategic and financial oversight from PMGC. In 2024, AGA generated $1,390,000 in revenue and was earnings before interest, tax, depreciation and amortization (EBITDA) positive. Strategic Rationale The acquisition of AGA aligns with PMGC's broader strategy of acquiring specialized, U.S.-based manufacturing businesses with strong fundamentals, consistent earnings, and long-term growth potential. AGA's technical expertise and positioning across mission-critical industries make it a strategic addition to PMGC's operating portfolio. 'AGA Precision Systems exemplifies our focus on acquiring high-quality, resilient businesses vital to U.S. manufacturing,' said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc., managed through GB Capital Ltd. 'Its expertise in specialty metals, long-standing customer relationships, and role in critical supply chains add strong operational and strategic value to our platform.' PMGC intends to support AGA's continued growth through targeted investments in business development, production efficiency, and resource planning. The Company also sees long-term opportunity to deepen AGA's footprint across defense and industrial programs requiring reliable, U.S.-based suppliers. Industry Outlook The global CNC machine tool market is projected to grow from $100.5 billion in 2024 to $109.1 billion in 2025, reaching over $200 billion by 2033i. Growth is driven by demand from aerospace, defense, and industrial sectors, alongside reshoring efforts supported by the CHIPS and Inflation Reduction Acts. AGA marks PMGC's second completed acquisition this quarter, following the acquisition of Pacific Sun Packaging on July 10, 2025. The Company has two additional pending acquisitions previously announced and continues to pursue further opportunities in cash-flow-positive U.S.-based manufacturing and industrial businesses. PMGC acquired 100% of the issued and outstanding interests in AGA for $650,000 in cash with no debts or liabilities. About AGA Precision Systems LLC AGA Precision Systems LLC is a California-based CNC machining company specializing in high-tolerance milling, turning, mold manufacturing, and the machining of metals such as titanium and Inconel. The company serves customers across aerospace, defense, space, and industrial markets. About PMGC Holdings Inc. PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit Forward-Looking Statements Statements contained in this press release regarding matters that are not historical facts are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as 'believes,' 'expects,' 'plans,' 'potential,' 'would' and 'future' or similar expressions such as 'look forward' are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC's filings with the United States Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Investor Relations Contact: IR@ i CNC Machine Tool Market Size, Share & Growth By 2033
Glasgow Times
20-06-2025
- Business
- Glasgow Times
Glasgow youth project to take over running of community centre
Toryglen Community Youth Project (TCYP) will begin managing the Geoff Shaw Community Centre from June 20 under Glasgow City Council's People Make Glasgow Communities (PMGC) programme. The 25-year lease for the centre was granted to the TYCP by the council in November 2024, which will allow the project to expand its services and increase its reach in the community. Read more: I've been fleeing violence': Glasgow man threw incendiary device at window 'Sense of excitement building' over George Square work says Susan Aitken New lab aiming to become world's most advanced opens in Glasgow creating jobs Councillor Ruairi Kelly, convener for development and land use at Glasgow City Council, said: "This is great news for Toryglen and the wider area as this local charity will attract not only the youth of the area but the broader community to the Geoff Shaw Community Centre. "The Toryglen Youth Community Project have fully demonstrated their commitment to the people of the area, and – through the People Make Glasgow Communities programme – we are yet again seeing more invaluable community services delivered at a local facility in the city." PMGC enables community organisations to take on the management of local venues to deliver services and projects. Previous successful operations include Park Villa Football Development at Glasgow Club Drumoyne, Pollok United Nethercraigs, and Castlemilk Community Football Trust at Barlia Sports Complex. The Geoff Shaw Community Centre, located at 25 Kerrylamont Avenue, was a well-attended facility before its closure during the 2020 lockdown. Since then, it has only reopened part-time, with no immediate plans from Glasgow Life to resume full-time operations. The TCYP was established to meet the growing needs of the community, following work by the Southside Boxing Academy Community Hub. The project provides youth clubs, holiday programmes, sports, and family events, while also promoting education, life skills, and community wellbeing. The group's application for the lease was assessed by the People Make Glasgow Communities and Community Asset working groups, following strong community engagement and consultation in Toryglen.
Globe and Mail
14-05-2025
- Business
- Globe and Mail
PMGC Capital LLC, a Subsidiary of PMGC Holdings Inc. (Nasdaq: ELAB), To File Schedule 13D Reporting 5.09% Stake in Alaunos Therapeutics, Inc. (Nasdaq: TCRT)
NEWPORT BEACH, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- PMGC Capital LLC ('PMGC Capital,' 'we,' 'our,' or 'us'), a wholly owned subsidiary of PMGC Holdings Inc. (Nasdaq: ELAB), today announced its planned filing of a Schedule 13D with the U.S. Securities and Exchange Commission disclosing beneficial ownership of common stock in Alaunos Therapeutics, Inc. (Nasdaq: TCRT). PMGC Capital has acquired 83,500 shares of Alaunos Therapeutics, representing approximately 5.09% of the company's outstanding shares of common stock, based on Alaunos' Preliminary Schedule 14A filed with the U.S. Securities and Exchange Commission, indicating 1,639,521 shares of common stock outstanding as of May 5, 2025. Alaunos Therapeutics, Inc. ('Alaunos Therapeutics' or 'Alaunos'), headquartered in Houston, Texas, is a clinical-stage oncology-focused cell therapy company. Alaunos is currently exploring strategic alternatives, including but not limited to acquisitions, mergers, reverse mergers, sale of assets, strategic partnerships, capital raises, or other transactions. PMGC Capital believes Alaunos is undervalued and has significant potential to create shareholder value. PMGC Capital intends to engage constructively with Alaunos' management and board of directors to explore strategic opportunities, including potential mergers, acquisitions or partnerships in sectors such as financial technology and cryptocurrency. We commend Alaunos Therapeutics for maintaining a clean capital structure and exercising prudent financial stewardship during challenging market conditions. PMGC Capital looks forward to collaborating with the Alaunos' leadership to pursue initiatives that align with its shared objective of enhancing long-term shareholder value. About PMGC Capital LLC A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. Our mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital. About PMGC Holdings Inc. PMGC Holdings Inc. ('PMGC Holdings') is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements, including statements regarding potential strategic opportunities and the expected benefits thereof. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in the Company's filings with the United States Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of PMGC Holdings' Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. IR Contact:
Yahoo
27-02-2025
- Business
- Yahoo
PMGC Holdings Inc. Expands Investment & M&A Efforts, Actively Seeking Acquisitions and Investments Through Strategic Sponsorship of TCA Venture Group
NEWPORT BEACH, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (the 'Company' or 'PMGC,' 'our,' or 'we') (Nasdaq: ELAB), a diversified holding company, is proud to announce its annual sponsorship of TCA Venture Group's ('TCA') Orange County network for 2025. As a Southern California Network Sponsor, PMGC is actively pursuing investments and M&A opportunities to strengthen its portfolio while fostering local business growth and expanding its market presence. TCA Venture Group (formerly known as Tech Coast Angels) is one of the largest and most active angel investor networks in the United States. With a history spanning over 25 years, TCA has been instrumental in funding early-stage and seed-stage companies across all innovation-driven industries. Since its founding in 1997, TCA members have invested over $300 million in more than 525 companies, attracting an additional $2.2 billion in follow-on investments, primarily from venture capital firms. 'We are excited to join forces with TCA Venture Group as a key sponsor,' said Graydon Bensler, CFA, Chief Executive Officer of PMGC. 'This sponsorship aligns perfectly with our mission to identify and support high-potential companies, providing both capital and operational expertise to drive long-term growth. TCA's vast network of investors, entrepreneurs, and industry experts will enhance our ability to expand our portfolio and execute our acquisition strategy while directly contributing to the thriving Southern California business ecosystem.' PMGC currently manages and operates a diverse portfolio of three wholly owned subsidiaries: NorthStrive Biosciences Inc. – A biopharmaceutical company focusing on the development and acquisition of cutting-edge aesthetic medicines. Our lead asset, EL-22, is leveraging an engineered probiotic approach to address obesity's pressing issue of preserving muscle while on weight loss treatments, including GLP-1 receptor agonists. For more information, please visit PMGC Research Inc. – A research and development subsidiary, currently utilizing Canadian research grants and partnering with leading Canadian universities to accelerate scientific discovery and transform cutting-edge technologies into commercially viable products. PMGC Capital LLC. – A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. The company's mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital. Through this sponsorship, PMGC will gain valuable exposure through TCA's national network, engage with over 400 seasoned investors, business leaders, and industry professionals. TCA members, consisting of experienced C-level executives, entrepreneurs, venture capitalists, and other professionals, not only invest in early-stage companies but also provide hands-on mentorship, board representation, and strategic partnerships. TCA is one of the largest and most active angel investor groups nationally, consistently ranking in the top three for deals funded, amounts invested, and membership size. The HALO Report recently ranked TCA as # 2 U.S. angel investment network for funded deals, and CB Insights, a market intelligence platform, has recognized TCA as the top-ranked angel group in terms of network centrality. By aligning with TCA, PMGC strengthens its commitment to fostering entrepreneurial success and supporting innovative businesses. The Company believes this collaboration will open doors to new investment opportunities and further enhance PMGC's position as a leading player in the investment and M&A landscape. About PMGC Holdings Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit About TCA Venture GroupTCA Venture Group is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies across all innovation industries in Southern California. TCA members are accredited investors who individually invest in startup companies. Companies go through well-structured, transparent, and time efficient screening and due diligence. As founders and executive-level business leaders, TCA members provide companies with more than just capital; they also contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management. TCA is a catalyst in the growth of the thriving Southern California entrepreneurial ecosystem of innovation. Since its founding in 1997, TCA has invested over $218 million in more than 380 companies and has helped attract more than $1.66 billion in additional capital/follow-on rounds, mostly from venture capital firms. Learn more at Forward-Looking StatementsStatements contained in this press release regarding matters that are not historical facts are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as 'believes,' 'expects,' 'plans,' 'potential,' 'would' and 'future' or similar expressions such as 'look forward' are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC Holdings' filings with the United States Securities and Exchange Commission ('SEC'), including the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. IR Contact:IR@ in to access your portfolio
