Business
PMGC Holdings Inc. Signs Letter of Intent to Acquire Profitable U.S.-Based Custom IT Packaging Company
Acquisition Target Currently Serves over 300 Commercial Clients, which Includes Data Centers, Technology Manufacturers, and IT Service Providers with Close to
About this update from Pmgc Holdings Inc.
[{"type":"text","content":"Acquisition Target Currently Serves over 300 Commercial Clients, which Includes Data Centers, Technology Manufacturers, and IT Service Providers with Close to 15 Years of Operational History, 90% U.S.-Based Revenue, and Recurring Business\nNEWPORT BEACH, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- PMGC Holdings Inc. (Nasdaq: PMGC) (the “Company,” “PMGC,” “we,” or “us”), a diversified public holding company, is pleased to announce the signing of a non-binding Letter of Intent (“LOI”) to acquire a U.S.-based, cash-flow positive information technology (“IT”) custom packaging company. About the Target Company Founded in 2011 and headquartered in Southern California, the Target is a well-established provider of custom packaging solutions for IT products, serving over 300 commercial clients—including data centers, technology manufacturers, and IT service providers. With close to 15 years of uninterrupted operations, the company has built a loyal, predominantly U.S.-based customer base (90%) and consistently delivered positive EBITDA performance year over year. The Target operates efficiently with streamlined operations and a strong reputation for reliability and service quality. It also offers value-added services such as tailored design for custom packaging solutions, supporting clients across the technology supply chain. Operating in a niche segment with limited direct competition, PMGC believes the Target has a compelling opportunity for scalable growth. PMGC believes that, with additional investment in marketing and the buildout of a dedicated sales team, the Target is well-positioned to unlock future commercial expansion. This transaction marks the official launch of PMGC’s previously announced acquisition strategy—targeting profitable, well-run businesses with strong fundamentals and consistent earnings—and signals the first of several accretive acquisitions shareholders can expect in the months ahead. “We are excited to begin this journey with a company that represents everything we look for in an acquisition: operational strength, consistent profitability metrics, and clear potential for scale,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc. “This is a key step forward in executing our growth-through-acquisition model.” As part of the next phase of the acquisition and to remain compliant with SEC requiremen...