The Aerosmith rocker dishes to PEOPLE on daughter Chelsea Tyler's engagement to actor-musician Jon Foster

Credit: Brian To/WENN

It’s going to be one big, happy rock-n-roll family! Steven Tyler’s daughter Chelsea Tyler, 25, is engaged to actor-musician Jon Foster, PEOPLE confirms.

And the Aerosmith rocker couldn’t be more thrilled.

“I fell in love with Jon the minute I met him, and Chelsea loves him over the moon,” Tyler tells PEOPLE in an exclusive statement. “Jon is a great fellow musician and actor. I couldn’t be happier.”

According to the soon-to-be father-in-law, Jon, 29, went the traditional route, asking the famous dad for permission March 7 at Chelsea’s birthday party before popping the question.

“It was beautifully old-fashioned,” Tyler, 66, tells PEOPLE. “And it meant the world to me when he came to me and asked for her hand in marriage.”

The happy couple share a passion for music and actually perform together in their bluesy electro act, badbad.

Chelsea’s half-sister Mia broke the news online March 28, tweeting, “I’m beyond excited and proud to say that these two turkeys are getting hitched. I love you two to the god damn moon!” alongside a silly pic of the pair.

Jon isn’t the only one in his family getting married, though – his brother, actor Ben Foster, 33, will tie the knot with House of Cards star Robin Wright, 47.

• Reporting by LIZ McNEIL