Constellis announced that it has agreed to a management-led buyout which includes the current CEO and President. The investment consortium is headed by Apollo Global Management LLC and includes current investors Forte Capital and Manhattan Partners.
Constellis provides security, risk management, crisis response, training, logistics, life support and technology services to government and commercial clients across 25 countries. The company has a bit of a controversial history since its subsidiaries include the former Blackwater business.
The transaction is projected to close by the end of the third quarter. Deal terms were not disclosed.
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