Thoma Bravo to sell Command Alkon to Francisco Partners

• More than 14,000 plants in over 80 countries use Command Alkon’s technology
• Thoma Bravo acquired Command Alkon from Quilvest in 2020
• The transaction is expected to close in the second half of 2026

Thoma Bravo has agreed to sell a majority stake in Command Alkon to Francisco Partners.

Based in Hilliard, Ohio, Command Alkon is a software and platform technology provider for the heavy building materials industry. More than 14,000 plants in over 80 countries use the company’s technology.

The transaction is expected to close in the second half of 2026 and is subject to customary regulatory approvals.

“Command Alkon has built a technology platform that powers mission-critical operations across one of the world’s most essential industries,” Petri Oksanen and Quentin Lathuille, partners at Francisco Partners, said in a statement. “Infrastructure investment is accelerating across major markets, and artificial intelligence is significantly enhancing the value Command Alkon can bring to its customers.”

“Thoma Bravo contributed our demonstrated software operating model and Heidelberg Materials brought deep industry knowledge, strategic vision, and a front-row seat to the customer. Martin and his team combined that to modernize the entire company and product suite and transform the industry,” AJ Rohde, a senior partner at Thoma Bravo, said in a statement.

Thoma Bravo first acquired Command Alkon in 2020 from Quilvest Capital Partners. Heidelberg Materials will retain its significant minority stake in Command Alkon.

Thoma Bravo has agreed to sell a majority stake in Command Alkon to Francisco Partners.

Command Alkon is a software and platform technology provider for the heavy building materials industry. More than 14,000 plants in over 80 countries use the company’s technology.

The transaction is expected to close in the second half of 2026 and is subject to customary regulatory approvals.

“Command Alkon has built a technology platform that powers mission-critical operations across one of the world’s most essential industries,” Petri Oksanen and Quentin Lathuille, partners at Francisco Partners, said in a statement. “Infrastructure investment is accelerating across major markets, and artificial intelligence is significantly enhancing the value Command Alkon can bring to its customers.”

“Thoma Bravo contributed our demonstrated software operating model and Heidelberg Materials brought deep industry knowledge, strategic vision, and a front-row seat to the customer. Martin and his team combined that to modernize the entire company and product suite and transform the industry,” AJ Rohde, a senior partner at Thoma Bravo, said in a statement.

Thoma Bravo first acquired Command Alkon in 2020 from Quilvest Capital Partners. Heidelberg Materials will retain its significant minority stake in Command Alkon.