Alex Taubman

Money Moves

Leading the largest applied-AI rollup acquisition to date

Two years ago, Long Lake was buying suburban homeowners-association managers. On May 4, 2026, Long Lake agreed to take American Express Global Business Travel private for $6.3 billion, paying a 60% premium. The deal acquires the world's largest corporate travel platform as part of a new venture-backed strategy that uses AI software to absorb traditional service companies.

Updated May 31