M&A
confidence high
sentiment positive
materiality 0.40
PMGC Holdings Inc. (ELAB): M&A transaction — PMGC subsidiary AGA acquires Indarg Engineering assets for $548K; expands aerospace/defense CNC platform
PMGC Holdings Inc.
- Acquisition price $548,000: $350K to satisfy SBA loan, $28K cash at closing, $170K two-year promissory note at 8% interest.
- AGA hires Indarg's CEO Joel Alvarez as General Manager of Hawthorne site; employment agreement includes base salary, signing bonus, discretionary bonus, and incentive compensation.
- Transaction closed Oct 26, 2025; Indarg's 40-year-old precision CNC machining business rebranded under AGA Precision Systems.
- Seller agreed to 2-year non-compete and non-solicitation provisions; customary reps, warranties, and indemnities included.