Aight, it's time to give all you lazy slackers the answer(s) to the last Cynical VFTD Game, which, to the best of my knowledge, is where the rumor went public. Our friends over at ProPaintball have revived the Richmond Italia buys into Smart Parts rumor (first referenced here in the comments) so I figured I'd let y'all in on what VFTD has. (The demand to know has been deafening. Yeah, right.)
GI Milsim is a trademark of .50 caliber Inc. A company (apparently) located in St. Laurent and registered in Canada.
Gardner Italia Milsim is a trademark of GI Paintball, Inc. This is a separate company also registered in Canada and based in Quebec.
There was no confirmation in the info discovered that identified ownership but if Richmond and the Gardners are partners in these two companies, which appear to have been setup to do GI Milsim business, I remain unconvinced that the relationship extends into ownership of SP. But hey, who knows?