Blackwater Worldwide Businesses
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Blackwater Worldwide Businesses
Blackwater was an American private military company founded on December 26, 1996 by former Navy SEAL officer Erik Prince. It was renamed Xe Services in 2009 and known as Academi since 2011 after it was acquired by a group of private investors. In 2014, Academi merged with Triple Canopy, a subsidiary of Constellis Group. Later Academi was fully integrated into parent company and therefore now operates under the name Constellis. Constellis and its predecessors provide contract security services to the United States federal government. Since 2003, it has provided services to the Central Intelligence Agency. In 2013, its subsidiary, International Development Solutions, received an approximately $92 million contract for U.S. State Department security guards. In 2007, Blackwater received widespread notoriety for the Nisour Square massacre in Baghdad, when a group of its employees killed 17 Iraqi civilians and injured 20, for which four guards were convicted in the United States ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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