Talk about potential for growth. If this or a similar deal goes through: the sky’s the limit for Blackwater.

Update: According to ABC News, it appears as though the deal is off. (Great news)

The gigantic hedge fund, Cerebus, that owns a controlling interest in Chrysler Motors and GMAC, the large financing arm of General Motors, is in intense negotiations to purchase outright the controversial North Carolina-based security mercenary firm Blackwater Worldwide. Blackwater has been the recipient of huge U.S. Defense Department [no-bid] contracts over the past decade worth hundreds of millions of dollars.

On paper, the purchase appears to be a good deal for both parties, with enormous profit potential attached. Besides the expected bloated profit margins, the deal would also set up the huge security mercenary firm for expansive growth opportunities all over the world, largely at U.S. taxpayer expense.