This comprehensive report details the corporate history of Constellis, tracing its origins from the controversial private military company Blackwater, founded by Erik Prince in 1997. The document highlights Blackwater's rapid growth after 9/11, its "cowboy" reputation, and the devastating impact of the 2007 Nisour Square massacre, which led to multiple rebrandings—first to Xe Services, then ACADEMI—in an effort to shed its toxic image. The report also examines the parallel rise of rival Triple Canopy, a company that, despite its own controversies, eventually merged with Academi in 2014 to form Constellis Holdings, aiming to create a dominant, diversified security entity. Finally, it covers the acquisition of Constellis by Apollo Global Management in 2016 and the subsequent strategic pivot towards growth through acquisition, transforming Constellis into a broad-spectrum government services contractor with a focus on domestic security, logistics, and technology, while still grappling with the persistent public perception tied to its Blackwater past.

Research done with the help of artificial intelligence, and presented by two AI-generated hosts.