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In 2003, Amex GBT acquired Rosenbluth International from Hal Rosenbluth in a "mega deal" that combined two of the top global travel agencies at the time.
In 2014 American Express divested their Global Business Travel division for an investment of $900 million to an investor group creating American Express Global Business Travel. The investment group was led by Certares LP and included Qatar Holdings, Macquarie Capital and funds managed by BlackRock and Teacher Retirement System of Texas. American Express maintained 50-percent ownership of the newly created American Express Global Business Travel (GBT).
In December 2021, American Express GBT announced plans to become a publicly traded company through a business combination with Apollo Strategic Growth Capital, a special-purpose acquisition company (SPAC) backed by Apollo Global Management.
Following the completion of the business combination with Apollo Strategic Growth Capital on May 27, 2022, the company began trading on the New York Stock Exchange on May 31, 2022, with the symbol GBTG.
In May 2026, Long Lake Management announced acquisition of the company for about USD6.3B. The acquisition is intended to be funded by Long Lake's "existing investors, Koch Equity Development, and committed debt financing provided by JPMorgan (JPM), Bank of America (BAC), Citi (C), and Mitsubishi UFJ (MUFG). / American Express (AXP), Expedia Group (EXPE), Qatar Investment Authority, and BlackRock (BLK) collectively represent 69% of GBT's shares."
Acquisitions
October 2003: Rosenbluth International
August 2016: KDS [i]
May 2016: SMT Travel Agency
June 2017: Banks Sadler
February 2018: Hogg Robinson Group
August 2019: Kanoo Travel
June 2019: DER Business Travel
October 2020: 30SecondstoFly
January 2021: Ovation
May 2021: Egencia
September 2025: CWT