Triple Canopy

Apollo Global Management Acquires Constellis Holdings (Blackwater Successor) for Approximately $1 Billion

| Importance: 7/10

Private equity firm Apollo Global Management acquired Constellis Holdings—the entity descended from Blackwater through successive rebrandings as Xe Services, Academi, and merger with Triple Canopy—for approximately $1 billion. The acquisition represented the complete financialization of the private …

Constellis Holdings Apollo Global Management Blackwater Triple Canopy private-military private-equity corporate-consolidation financialization-warfare
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Academi (formerly Blackwater) Merges with Triple Canopy to Form Constellis Holdings, Third Corporate Rebranding

| Importance: 7/10

Academi (the entity formerly known as Blackwater, then Xe Services) merged with rival private military contractor Triple Canopy to form Constellis Holdings, representing the third major corporate transformation of the Blackwater organization in seven years. The merger consolidated multiple private …

Academi Triple Canopy Constellis Holdings Blackwater private-military corporate-consolidation accountability-crisis reputation-laundering
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