GMA Cover Corporation Acquired by Admiralty Partners, Inc.

TORONTO, June 22, 2011 /CNW/ - GMA Cover Corporation (GMA), a global leader in the design, development and manufacture of high technology protection systems, announced today that it has been acquired by an affiliate of Admiralty Partners, Inc., a private investment firm that invests exclusively within the global aerospace, defense and federal information technology industries.

Founded in 1974, GMA Cover Corporation (www.gmacover.com) is headquartered in Ontario, Canada, owns two manufacturing facilities in Michigan, USA and an affiliated offshore manufacturing facility in the Dominican Republic. Its engineered systems include concealment (such as ULCANS), aerial delivery, flexible fuel and water storage, vehicle soft-top systems and tactical soft shelters, primarily for the U.S. Department of Defense.

"Becoming a portfolio company of Admiralty Partners, Inc. is a perfect fit for GMA's next stage of growth", said Glenn Verkindt, Founder and Chairman of GMA. "Admiralty shares GMA's entrepreneurial culture of innovation, engineering, advancing product and process technology and aggressive growth. In addition, GMA has now become a U.S. owned corporation with a subsidiary in Canada, a structure which will materially improve our ability to expand our access in the U.S. defense market."

About Admiralty Partners, Inc.

Admiralty Partners is a private investment firm that invests exclusively within the global aerospace, defense, and federal information technology industries. Admiralty is dedicated to providing both capital and seasoned strategic guidance to the portfolio companies in which it has invested.  Founded in 1992, by Jon B. Kutler, it was a member of the Quarterdeck family of companies which included Quarterdeck Investment Partners, LLC (QIP), the global leader in merger and acquisition advisory services to the aerospace, defense and federal information technology industries. It was renamed Admiralty Partners, Inc. following the sale of its QIP subsidiary to Jefferies & Company, Inc. (NYSE: JEF). For more information, visit www.admiraltypartners.com.

SOURCE GMA Cover Corp.

For further information:

GMA: Nicole Verkindt (519-766-4583)
Admiralty Partners, Inc.: Jon B. Kutler (310-471-3772)

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GMA Cover Corp.

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