PMGC Holdings Inc.’s subsidiary, AGA Precision Systems LLC, completes acquisition of Indarg Engineering, Inc. expanding aerospace and defense manufacturing platform

PMGC Holdings Inc., a diversified public holding company executing a targeted roll-up strategy in U.S.-based manufacturing, today announced that its wholly owned subsidiary, AGA Precision Systems LLC, has acquired all operating assets of Indarg Engineering, Inc., a precision computer numerical control (CNC) machining company based in Hawthorne, California.

Founded in 1985, Indarg Engineering, Inc. has a four-decade track record of delivering high-tolerance components, rapid prototyping, and quality-certified production for customers across the aerospace, defense, medical, and automotive sectors. The company’s Hawthorne facility combines advanced multi-axis machining, inspection, and tooling capabilities with a skilled engineering team serving Tier 1 suppliers.

Following this acquisition, the Hawthorne operation will be rebranded under AGA Precision Systems and operate as an additional manufacturing site under the AGA brand. This expansion strengthens AGA’s development to become a trusted U.S.-based supplier of complex, high-precision components for the aerospace and defense industries, adding new capacity and complementary expertise to its existing Santa Ana headquarters.

Joel Alvarez, former Owner and President of Indarg Engineering, will continue with the company as General Manager of the Hawthorne site. Mr. Alvarez brings extensive experience in advanced manufacturing, tooling optimization, and operational leadership, ensuring continuity for existing customers and supporting growth under the AGA platform.

Mr. Alvarez has led CNC tooling, precision machining, and manufacturing operations across the aerospace and defense sectors. Before joining Indarg, he held key roles within the CNC tooling industry, partnering with manufacturers to enhance process reliability, efficiency, and cost performance. His combined background in operations and strategy enables him to bridge technical execution with long-term commercial success. Guided by a commitment to quality, innovation, and customer trust, Mr. Alvarez is focused on advancing AGA’s Hawthorne facility as a center of excellence for complex, high-tolerance components.

This acquisition aligns with PMGC’s ongoing strategy to consolidate specialized manufacturers supporting U.S. aerospace, defense and industrial infrastructure. More detailed transaction terms are not disclosed in this press release.