A press release from Constellis Holdings signals major news in the High Threat Security Industry. Academi, the company formerly known as Blackwater and Xe, will join Triple Canopy along with a handful of other high threat security companies under a new management structure named Constellis Holdings. All I can think of is “cats and dogs, living together.”
June 06, 2014
Constellis Holdings, Inc. has agreed to acquire Constellis Group, Inc., a leading provider of security, support and advisory services to government, multinational corporations and international organizations operating in challenging environments around the world. Constellis Holdings was formed by the founders of Triple Canopy and the private equity investors who formed ACADEMI.
The transaction brings together a global team of industry leaders, including: Triple Canopy, Constellis Ltd., Strategic Social, Tidewater Global Services, National Strategic Protective Services, ACADEMI Training Center and International Development Solutions.
Operating under the oversight of a distinguished Board and an experienced management team, the combination of these companies will enable a significant expansion of services within the global security market, delivering mission support, integrated security solutions, training and advisory services at home and abroad.
“This move allows us to create a suite of services to better provide critical support capabilities for government and commercial clients and will utilize ACADEMI’s world-class training facility, the largest and most comprehensive private training center in the U.S.” said Jason DeYonker, Managing Director of Constellis Holdings, Inc.
Constellis Holdings’ Board of Directors includes: Red McCombs (Chairman), former U.S. Attorney General John Ashcroft, former White House Chief Counsel Jack Quinn, Admiral Bobby Inman (Ret.), Russ Robinson, Jason DeYonker, Dean Bosacki and Triple Canopy co-founder Tom Katis.
“This combination of companies shares our core values of integrity and transparency, ensuring our clients of our ongoing dedication to oversight and good governance through our award-winning compliance practices,” said former U.S. Attorney General and current Board member John Ashcroft.
Board member and Triple Canopy founder Tom Katis reinforces, “This combination will provide our customers with the best possible service at the most competitive price. We share a commitment to flawless delivery of mission critical services. We share a bond with our employees, who are mostly decorated veterans who continue to serve their country in the private sector. We share a willingness to do the toughest jobs in support of the efforts to make our world a better place.”
The combined ownership group will employ more than 6,000 of the industry’s most experienced and best-trained employees and will be led by CEO Craig Nixon.
Tags: Academi, Constellis Holdings, Triple Canopy
I don’t see it as cats and dogs at all. In fact, this seems inevitable – they’ve swapped contracts and personnel for years. One was often indistinguishable from the other.
I expect that the daily rate across the board will become the garbage pay that TC has been paying for the last few years.
The competitive bidding process for contracts between these company can’t possibly be affected by the fact that they are all under the same corporation now. (Sarcasm added free of charge.)
I have worked for BW and TC and TC was by far the worst example of contractors, I mean intermittent employees, being nothing more than a number filled by anyone regardless of being former CAG or some Lcpl with no deployments under his belt. Everyone is interchangeable.
And the web gets broader and tighter-Loretta….
And Prince for the win!!! AOB redux.
I do believe that the Academi Guards at Camp Dwyer are the lowest paid in all of Afghanistan. $60K per year while the TC guys at Leatherneck are at $82K. So it makes me wonder will TC lower there pay to Academi or will Academi raise there pay to TC? I think both will remain the same because at Moyock they call us here at Dwyer Ugandan’s.
To me, this seems awfully familiar to the AT&T. SBC, de-regulation, reintegration, etc., etc., of the telecommunications industry.
By enveloping some of the most widely used providers of contract services, where is the competition needed to ensure that wages or services aren’t monopolized? If a customer has a problem with the current provider where are they supposed to turn for an alternative? Wages, as noted in some of the comments, will be sub-standard and it will be a “Take it or get nothing” kind of deal for contractors, which inevitably will force out some of the top tier guys and then cause hiring of anybody willing to take whatever pay is offered. Competitive spirit and practice has always been a driving and motivating force behind individuals and standards in this industry, and now with this umbrella group what will become of it? Can we expected unionized practices and collective bargaining agreements next? No thanks. I think the whole thing stinks of greed and manipulation so that one company or board can corner the market and guys at the lower end of the corporate structure suffer the most.
Market forces will not and cannot be the determinator of pay schedules. That is the illusion. No competition in any industry means employees will be forked over just like any other merger. Only the corporation will prosper as they work for the same Overlords!