Command Alkon Acquisition & Valuation

Command Alkon was acquired by Francisco Partners for $1.3B in August 2026.

Command Alkon acquisition price

$1.3B

Acquired by Francisco Partners · Aug 2026

Key investors in Command Alkon

  • HeidelbergCement AG

Command Alkon Overview

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

United StatesUnited States

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.7B (Sep 2021)

Command Alkon Acquisition

Command Alkon was acquired by Francisco Partners for $1.3B on 3 August 2026.

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.

Command Alkon acquisition details
AcquirerDateTypePrice
  • Francisco Partners
3 Aug 2026PE buyout$1.3B

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

Command Alkon valuation by funding round
DateStageValuation
Sep 2021Secondary$1.7B

Command Alkon Funding History

Command Alkon has 1 recorded secondary share sale and no primary funding rounds.

Command Alkon funding rounds

Command Alkon funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021SecondaryHeidelbergCement AG (lead)$765M$1.7BCommand 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?

1 investor has backed Command Alkon across its funding rounds, including HeidelbergCement AG.

Lead investors include HeidelbergCement AG.


Command Alkon Investors

Investors in Command Alkon by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Command Alkon

Command Alkon has acquired 5 companies to date.

Last acquisition by Command Alkon was on June 26th 2025. Command Alkon acquired Digital Fleet for undisclosed valuation.


Latest Acquisitions by Command Alkon

Digital Fleet
Marcotte Systems
Libra Systems
Trimble Construction Logistics
Description
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.
Libra Systems is a United Kingdom-based manufacturer of suspended ceiling systems and drywall accessories. It produces ceiling grids, wall liners, resilient bars, and metal furring channels compliant with British and European standards. Serving construction projects nationwide, the company supplies products through distributors for commercial, retail, and healthcare buildings.
Trimble Construction Logistics is a supplier of project management software for construction and marine operations worldwide. Solutions include material logistics planning, delivery tracking, vendor coordination, and site productivity tools integrated with Trimble's positioning technologies.
HQ CountryUnited StatesCanadaUnited KingdomUnited States
HQ City
Chicago, IL
Montreal
Walford
Denver, CO
Deal Date26 Jun 202510 Jul 202420 Nov 20202 Nov 2020
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Command Alkon Competitors

Command Alkon competitors include listed companies like GuoChuang Software and Glodon Co, and private ones like Motive, Vention, ElasticRun and Revel.

Public and private companies comparable to Command Alkon
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M-
MotiveUnited StatesSan Francisco, CAPrivate$600M-$1.2B-
VentionCanadaMontrealPrivate$73M-$1.2B16.4x
ElasticRunIndiaPunePrivate--$1.5B-
RevelUnited StatesLos Angeles, CAPrivate--$1B-
Glodon CoChinaChinaPublicly listed$909M$141M$2.1B1.8x

Command Alkon Public Comps

Command Alkon is no longer listed, but its public comps include Zwsoft, Infomart, Imdex, Vitec Software, KPIT Technologies, Qt Group, GuoChuang Software, Harbin Boshi Automation, Shenzhen Tianyuan Dic and PSI Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Zwsoft$133M$12M7.4x6.9x79.9x49.1x
Infomart$121M$31M9.3x8.6x35.9x31.7x
Imdex$370M$94M3.7x3.6x14.6x11.4x
Vitec Software$371M$151M3.7x3.5x9.1x9.0x
KPIT Technologies$673M$128M2.3x2.2x11.8x11.3x
Qt Group$249M$62M4.3x3.9x17.3x16.0x
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Harbin Boshi Automation$422M$106M3.5x3.5x14.0x11.4x

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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.
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.
Which companies are comparable to Command Alkon?Companies comparable to Command Alkon include GuoChuang Software, Motive, Vention, ElasticRun, Revel and Glodon Co.
How many companies has Command Alkon acquired?Command Alkon has acquired 5 companies, including Digital Fleet, Marcotte Systems, Libra Systems, Trimble Construction Logistics and FiveCubits.

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