"Pybus", originally designated AVG-34, was laid down on 23 June 1942 as MC Hull No. 245 by Seattle-Tacoma Shipbuilding, Washington. Reclassified as ACV-34 on 20 August 1942, the ship was launched on 7 October 1942 and commissioned into the United States Navy on 31 May 1943 at the Puget Sound Navy Yard, Washington. "Pybus" was reclassified as CVE-34 on 15 July 1943 and assigned for transfer to the United Kingdom under the Lend-Lease agreement. From March to April 1945 she was attached to the 21st Aircraft Carrier Squadron.