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Xe Hires BlackArch as Adviser as Blackwater Founder Sells Firm

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sabra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 04:29 PM
Original message
Xe Hires BlackArch as Adviser as Blackwater Founder Sells Firm
Source: Bloomberg

Xe Services LLC, the security company formerly known as Blackwater Worldwide, brought in BlackArch Partners as an adviser as founder Erik Prince seeks a buyer for the business.

I can confirm we have been hired as exclusive advisers on the sale process, Tim Whitmire, a founder of Charlotte, North Carolina-based BlackArch, said today in a telephone interview. He declined to give a possible sale size, deadline or the names of any suitors.

Prince, the ex-Navy commando who formed Blackwater in 1997, said in June that the closely held company was being sold. Blackwater won contracts that included helping protect U.S. officials and embassies in Iraq and Afghanistan, while also drawing criticism in Congress for fatal civilian shootings.

BlackArch previously advised Moyock, North Carolina-based Xe on the sale of its aviation services unit to AAR Corp., according to the advisory firms website. The sale, valued at $200 million, was concluded in March.



Read more: http://www.bloomberg.com/news/2010-08-03/xe-hires-black...
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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 04:50 PM
Response to Original message
1. Why the hell are these people not in jail.?
Not even deeply investigated...Oh, thats right...they have
guns and Fux news.
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sofa king Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 06:19 PM
Response to Reply #1
4. Maybe we could all pitch in, buy 'em out, and release their records.
I must have a million or two under the couch cushions here....

But seriously, if someone did have the money to do that, I'm pretty sure you could ruin 'em, either for violating the terms of the sale by destroying property (documents), or by disclosing the evil shit they did.
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tanyev Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 05:02 PM
Response to Original message
2. Time to rename the company again.
I propose Black Death.
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 05:48 PM
Response to Original message
3. More details
A foul-smelling gentleman by the name of Mr. Hobb assisted in the transaction, guaranteeing all parties a splendid return on investment for the price of a signature.
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superconnected Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 06:26 PM
Response to Original message
5. BlackArch Partners appears to be a midlevel business advisory firm - on the top
Edited on Tue Aug-03-10 06:27 PM by superconnected
at least. I don't quite trust them because of their name and how it has to be googled as "BlackArch" making it hard to find, instead of "Black Arch".
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