Command Alkon, a supplier collaboration platform for construction’s heavy work, and Thoma Bravo, a private equity firm focused on the software and technology-enabled services sectors, announced a definitive agreement for the acquisition of Command Alkon by Thoma Bravo from its current owner, Quilvest Capital Partners.
The transaction is subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.
Once completed, the acquisition by Thoma Bravo is expected to speed the execution of Command Alkon’s strategy to integrate inter-company supply chain operations in heavy construction via CONNEX, the company’s many-to-many technology platform.
By focusing resources and investing in next-generation, vertical-cloud capabilities, customers will benefit from real-time collaboration tools that replace manual and paper-based processes, maximize efficiency and productivity, improve real-time decision making, and ensure certainty of project outcomes.
"This agreement is a testament to Command Alkon’s sustained growth, leading market position, and the opportunities opened by our purpose-built platform for heavy construction,” said Larry Neubauer, a Senior Partner at Quilvest and Chairman of the Board at Command Alkon. “Both the Board and Quilvest are excited to announce Thoma Bravo’s stewardship of the company. Their investment track record in B2B enterprise software should only accelerate the integration of the heavy construction supply chain and deliver more value to customers faster.”
Quilvest, the company’s previous financial investor, has been a partner to Command Alkon and has been dedicated to the company’s growth since 2005. During Quilvest’s ownership, Command Alkon became the market leader for heavy material production, fulfillment, and logistics technology solutions in construction.