Erik Prince

Blackwater founder worms his way back into mercenary company

Blackwater founder worms his way back into mercenary company

An investment group with ties to the founder of the company formerly known as Blackwater announced Friday that it has bought the security firm, which was heavily criticized for its contractors’ actions in Iraq. USTC Holdings said in a statement that the acquisition of the company now called Xe Services includes its training facility in […]

Blackwater goes on the block

Blackwater goes on the block

The North Carolina-based mercenary firm formerly known as Blackwater USA is throwing in the towel. Owner-founder Erik Prince says the company is for sale. “Performance doesn’t matter in Washington, just politics,” Prince said in a statement. The company, now known as Xe Services, provided security guards and other mercenary services to the U.S. government in […]