I built a transom once by gluing up several layers of 3/8" plywood.
I had gotten the plywood off of a jobsite (legally and free).
It had 7 lams in the 3/8" with no voids, and was some very good stuff.
I carefully glued it up with epoxy and clamped it, allowed it to dry, cut to fit, coated all of it with epoxy, and painted od green.
I bolted it in with SS bolts (sealed with marine sealant), and I bet that sucker is still there to this day!
The one negative was the it was HEAVY! I think it was right at 1.5" thick, and it did not have any flex.
The aluminum way listed above would probably be the best, but if that is not possible for you, keep looking for some good wood.
If you can find you some high quality plywood at a reasonable cost, you can build one that will last.