Francisco Partners acquires majority stake in Command Alkon from Thoma Bravo

Francisco Partners has acquired a majority stake in construction software provider Command Alkon from Thoma Bravo, valuing the transaction at up to $1.3 billion. The deal follows Heidelberg Materials' acquisition of a 45% interest in Command Alkon from Thoma Bravo earlier this year. Command Alkon provides digital solutions for the construction materials supply chain, serving producers and suppliers of cement, aggregates, asphalt, ready-mix concrete, and related building materials.

The acquisition expands Francisco Partners' portfolio of enterprise software businesses serving specialized industrial end markets and is expected to benefit from continued investment in infrastructure and advances in artificial intelligence. Despite a more selective market for technology exits, high-quality vertical software assets continue to attract sponsor interest, particularly for essential industries with long-term digitalization opportunities.

Brief written by urgent.news from Private Equity Wire's own syndicated text. Machine-written — may contain errors; check the original before relying on it.