American Express - M&A Summary and Business Overview

Financial ServicesCompany

American Express M&A Summary

American Express has acquired 20 companies, including 6 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 7 assets.

American Express’ largest acquisition to date was in 2011, when it acquired Loyalty Partner for $685M. It’s largest disclosed sale occurred in 2014, when it sold Concur Technologies to SAP SE for $8.3B. American Express has acquired in 6 different US states, and 5 countries. The Company’s most targeted sectors include internet software and services (28%) and financial services (28%).

American Express Business Overview

Where is American Express headquartered?

American Express is headquartered in New York, New York.

What is American Express’ revenue?

American Express disclosed revenue of 60,363M USD for 2023 and 52,560M USD for 2022.

How many employees does American Express have?

American Express has 74,600 employees.

What sector is American Express in?

American Express is a financial services company.

When was American Express founded?

American Express was founded in 1850.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity18
    • M&A Sell Activity7
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

American Express

American Express Co.

200 Vesey Street,
New York, New York 10285
United States,
(212) 640-2000
www.americanexpress.com

American Express is a global financial services company offering payment and credit services to consumers and businesses. The Company's principal products and services are charge and credit payment card products and travel-related services. American Express was incorporated in 1850 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 15 1 - - 1 1 18
vol $1.9B $400M $2.3B
Sell (0.2/yr) # 6 - - - - 1 7
vol $9.3B $9.3B
  25

Most Recent M&A

Company Date Value Type
Tock LLC 2024-06-21 400M USD Divestiture
Chicago, Illinois · www.exploretock.com
Accertify, Inc. 2024-01-16 - Divestiture
Itasca, Illinois · www.accertify.com
Nipendo Ltd. 2023-01-12 - Add-on Acquisition
Netanya, Israel · www.nipendo.com
Kabbage, Inc. 2020-08-17 - Add-on Acquisition
Atlanta, Georgia · www.kabbage.com
ACOM Solutions, Inc. - Acompay 2019-07-31 - Divestiture
Long Beach, California
Resy Network, Inc. 2019-05-15 - Add-on Acquisition
New York, New York · www.resy.com
Cake Technologies Ltd. 2018-03-26 13M USD Add-on Acquisition
London, United Kingdom
Mez Mobile, Inc. 2018-01-30 - Add-on Acquisition
Sunnyvale, California · www.mezi.com
InAuth, Inc. 2016-12-06 - Add-on Acquisition
Venice, California · www.inauth.com
Concur Technologies, Inc. 2014-09-18 8.3B USD Stake Sale
Bellevue, Washington · www.concur.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
GBT III B.V.    - CWT 2024-03-25 5
Stockholm, Sweden · www.amexglobalbusinesstravel.com Minneapolis, Minnesota · www.mycwt.com
GBT III B.V.    - Egencia LLC 2021-05-04 4
Stockholm, Sweden · www.amexglobalbusinesstravel.com Seattle, Washington · www.egencia.com
GBT III B.V.    - SMT Travel Agency 2016-05-23 3
Stockholm, Sweden · www.amexglobalbusinesstravel.com Vantaa, Finland · www.smt.fi

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (28%) 1.1B (50%) 3 (43%) 823M (9%)
Internet Software and Services 5 (28%) 400M (18%) - -
Software 4 (22%) 30M (1%) 1 (14%) 8.3B (89%)
Information Technology 3 (17%) 13M (1%) 1 (14%) -
Business Services 1 (6%) 685M (30%) 2 (29%) 220M (2%)
Total 18 $2.3B 7 $9.3B

By Geo

State/Country Buy Value Sell Value
United States 13 1.0B 5 8.5B
  California 4 30M - -
  Georgia 3 - 1 -
  Illinois 2 400M 1 -
  Florida 2 600M - -
  Washington 1 - 1 8.3B
  Minnesota - - 2 220M
  New York 1 - - -
India 1 - 2 823M
United Kingdom 2 537M - -
Germany 1 685M - -
Israel 1 - - -
Domestic 13 (72%) 1.0B (46%) 5 (71%) 8.5B (91%)
Cross-border 5 (28%) 1.2B (54%) 2 (29%) 823M (9%)
Total 18 $2.3B 7 $9.3B

Top M&A Advisors

Financial Deals
UBS Investment Bank
1
Barclays Investment Bank
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
2

Deal Values

buy # Total
$100M to $1B 5 $2.2B
< $100M 2 $43M
TOTAL $2.3B
Largest Loyalty Partner GmbH
$685M (2011-03-01)
sell # Total
> $1B 1 $8.3B
$100M to $1B 2 $1.0B
TOTAL $9.3B
Largest Concur Technologies, Inc.
$8.3B (2014-09-18)

M&A Connections

Deals
Acquired from
Investor(s)
11%
2 (11%)
Strategic(s)
17%
3 (17%)
Divested to
Investor(s)
14%
1 (14%)
Strategic(s)
57%
4 (57%)

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