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Zach Frankl

Co-founder of Long Lake

Appears in 1 story

Stories

AI holding companies buy their way into corporate services

Money Moves

Helped scale Long Lake from HOA management to global enterprise targets

Two years ago, Long Lake was buying suburban homeowners-association managers. On May 4, 2026, the same company agreed to take American Express Global Business Travel private for $6.3 billion in cashโ€”paying a 60% premium to acquire the world's largest corporate travel platform. The deal is the biggest yet in a new venture-backed strategy that uses AI software to absorb traditional service companies wholesale.

Updated 2 hours ago