- Companies
- Command Alkon
Command Alkon Acquisition & Valuation
Command Alkon was acquired by Francisco Partners for $1.3B in August 2026, a 5.7x multiple on $230M of revenue.
Command Alkon acquisition price
$1.3B
Acquired by Francisco Partners · Aug 2026
Command Alkon revenue at acquisition
$230M
Last twelve months · Aug 2026
Command Alkon revenue multiple at acquisition
5.7x
EV/Revenue · Aug 2026
Command Alkon EBITDA multiple at acquisition
14.1x
EV/EBITDA · Aug 2026
About Command Alkon
Command Alkon is a supplier of software and hardware for the heavy construction materials industry. Birmingham-headquartered with offices in 15 countries, the company equips ready-mix concrete, aggregate, and asphalt producers with dispatch, fleet management, and ERP systems. Serving 7,000 sites globally, its solutions handle over 1 billion tons of materials annually.
Founded
1976
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$230M (Aug 2026)
Valuation
$1.7B (Sep 2021)
Command Alkon Acquisition
Command Alkon was acquired by Francisco Partners for $1.3B on 4 August 2026.
The acquisition price implies a 5.7x revenue and 14.1x EBITDA multiple on $230M of revenue.
Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo in a transaction expected to close in the second half of 2026. Reported deal value is up to USD 1.3 billion, with Heidelberg Materials retaining a significant minority stake. The transaction reflects Francisco Partners’ push into vertical software serving construction and building materials workflows, while Thoma Bravo exits a majority position it held through Command Alkon. Prior reporting on the process described negotiations as late-stage and earlier exploratory valuations as higher, but the announced transaction is centered on the majority-stake sale. Command Alkon provides software and technology for the construction materials sector, supporting operational workflows for concrete and related building materials businesses. The company operates with a significant installed customer base and continues to be backed by long-term industry investors, including Heidelberg Materials as a minority owner after the transaction.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 4 Aug 2026 | PE buyout | $1.3B | 5.7x | 14.1x |
Sources: franciscopartners.com, privateequitywire.co.uk, privateequitywire.co.uk
Command Alkon Valuation
Command Alkon is currently valued at $1.7B, based on its secondary sale in September 2021.
The $765M round was led by HeidelbergCement AG.
Command Alkon valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Sep 2021 | Secondary | $1.7B |
Command Alkon Funding History
Command Alkon has 2 recorded secondary share sales and no primary funding rounds.
Command Alkon funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Secondary | Titan Cement (lead) | - | - | TITAN Group, the Belgium-registered building materials producer, took a minority stake in Command Alkon, the construction software provider, in a transaction announced on 13 October 2026. Financial terms and the size of the stake were not announced. Trade press reported that the stake came from Francisco Partners, which had closed its acquisition of a majority position from Thoma Bravo earlier in the month, and that TITAN joins Heidelberg Materials, which retains a significant minority stake, as a shareholder. TITAN said the investment aligns with its Forward 2029 strategy and strengthens its ability to accelerate the digitalisation of its operations. It plans to expand its use of Command Alkon's solutions to connect its ready-mixed concrete and aggregates businesses, reduce operational complexity, improve data integration and expand the use of AI, and to contribute operational and digital implementation expertise. TITAN's chief digital and strategy officer described Command Alkon as the leading technology platform for building materials operations. Command Alkon, headquartered in Ohio, was founded in 1976 and supplies software for ready mix, concrete products, asphalt and aggregates producers, covering batching, dispatch, ticketing, accounting and fleet tracking. |
| Sep 2021 | Secondary | HeidelbergCement AG (lead) | $765M | $1.7B | Command Alkon is a Birmingham, Alabama-based provider of supply chain technology solutions for the heavy building materials industry. The company operates the largest installed software base in its sector with more than 2,500 customers globally, offering comprehensive software for plant and site automation, materials ordering and scheduling, inventory management, trucking logistics and fleet optimization, and office and field operations. On September 28, 2021, HeidelbergCement AG agreed to acquire a 45% minority stake in Command Alkon from Thoma Bravo in a deal valuing the company at approximately $1.7 billion USD. HeidelbergCement paid approximately $250 million cash for its 45% stake, while Thoma Bravo retained majority ownership with 55%. The transaction was subject to regulatory approval, which was granted by the European Commission in April 2022. Thoma Bravo had originally acquired Command Alkon in 2020 with the goal of modernizing its platform, building a comprehensive digital ecosystem, and expanding its global footprint. The partnership between HeidelbergCement and Thoma Bravo was structured to accelerate Command Alkon's cloud transition and enhance its support across the heavy building materials supply chain. |
Who has invested in Command Alkon?
2 investors have backed Command Alkon across its funding rounds, including Titan Cement and HeidelbergCement AG.
Lead investors include Titan Cement and HeidelbergCement AG.
Command Alkon Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Command Alkon investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Command Alkon
Command Alkon has acquired 7 companies to date.
Last acquisition by Command Alkon was on November 4th 2026. Command Alkon acquired C60 for undisclosed valuation.
Latest Acquisitions by Command Alkon
| Description | C60 is a software company that provides a predictive analytics and artificial intelligence platform for ready mix concrete producers. The platform combines data from dispatch, batch, telematics, quality control and invoicing systems into a single model to find margin loss in areas such as cost to serve, pricing, mix design and delivery performance, and puts a dollar value on each opportunity. It includes specialised AI agents for concrete producers and connectors to the main industry software systems. Customers are multi-plant ready mix producers, and C60 earns revenue from software subscriptions. The company was founded in 2022, is headquartered in Wilmington, Delaware with an office in Montreal, and is led by chief executive Ramy Sedra. Command Alkon acquired it in November 2026. | Digital Fleet is a Chicago-based fleet management provider for the ready-mix concrete and construction materials industries across the United States. Founded in 2012, it delivers technology solutions including GPS tracking, dispatch software, and analytics for producers of all sizes. The platform addresses operational challenges through customized support and design at digitalfleet.com. | Marcotte Systems is a Quebec-based provider of programming, optimization, and software solutions for industrial process controls in the ready-mix concrete industry. After relocating to Quebec in 1979, the company expanded its offerings to include batch management and plant control software adopted across Canada and the eastern United States. Its products emphasize efficiency for batch operators in concrete production facilities. | Ruckit is a logistics optimization platform serving construction material suppliers and civil engineering firms in India. Headquartered in Bangalore, the company provides software for bulk material dispatch, truck load planning, and route optimization, integrating with telematics from providers like Tata Motors. Launched in 2018, Ruckit manages daily operations for quarries and ready-mix concrete plants in Karnataka and Tamil Nadu, reducing empty miles by matching loads with return trips and automating invoices through GST-compliant systems. | |
| HQ Country | |||||
| HQ City | Wilmington, DE | Chicago, IL | Montreal | Austin, TX | |
| Deal Date | 4 Nov 2026 | 26 Jun 2025 | 10 Jul 2024 | 23 Dec 2020 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Command Alkon acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Command Alkon Competitors
Command Alkon competitors include listed companies like GuoChuang Software and Glodon Co, and private ones like Motive, Vention, Arda and ElasticRun.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $221M | ($18M) | $924M | - | ||
| Private | $600M | - | $1.2B | - | ||
| Private | $73M | - | $1.2B | 16.4x | ||
| Private | - | - | $1.5B | - | ||
| Private | $147M | - | $1.5B | - | ||
| Publicly listed | $915M | $142M | $2.2B | 1.8x |
Command Alkon Public Comps
Command Alkon is no longer listed, but its public comps include Zwsoft, Infomart, Vitec Software, EFORT Intelligent Robot, Imdex, Risong Technology, KPIT Technologies, Proto Labs, Breton Technology and Harbin Boshi Automation.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $134M | $12M | 7.3x | 6.7x | 79.1x | 42.3x | |||
| $119M | $31M | 9.5x | 8.7x | 36.8x | 32.8x | |||
| $370M | $150M | 4.1x | 4.0x | 10.2x | 10.1x | |||
| $140M | ($82M) | 8.7x | - | (14.8x) | - | |||
| $361M | $92M | 3.7x | 3.4x | 14.4x | 10.8x | |||
| $142M | $7M | 7.3x | 5.8x | 146.8x | 69.0x | |||
| $686M | $131M | 2.2x | 2.2x | 11.6x | 11.4x | |||
| $533M | $65M | 2.7x | 2.4x | 21.8x | 15.2x | |||
This data is available for Pro users. Sign up to see all Command Alkon competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Command Alkon
| When was Command Alkon founded? | Command Alkon was founded in 1976. |
| Where is Command Alkon headquartered? | Command Alkon is headquartered in United States. |
| Is Command Alkon publicly listed? | No, Command Alkon was acquired by Francisco Partners in August 2026. |
| Who acquired Command Alkon? | Command Alkon was acquired by Francisco Partners in August 2026. |
| How much was Command Alkon acquired for? | Command Alkon was acquired for $1.3B in August 2026, a 5.7x revenue multiple. |
| What is Command Alkon's valuation? | Command Alkon was last valued at $1.7B in its secondary sale in September 2021. |
| Who are Command Alkon's investors? | Command Alkon's investors include HeidelbergCement AG and Titan Cement. |
| Which companies are comparable to Command Alkon? | Companies comparable to Command Alkon include GuoChuang Software, Motive, Vention, Arda, ElasticRun and Glodon Co. |
| How many companies has Command Alkon acquired? | Command Alkon has acquired 7 companies, including C60, Digital Fleet, Marcotte Systems, Ruckit and Libra Systems. |
See companies similar to Command Alkon
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




