Francisco Partners Acquires Majority Stake in Command Alkon from Thoma Bravo
August 6, 2026
Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials will retain a significant minority stake as Command Alkon expands its agentic AI and autonomous plant operation capabilities, global scaling, and payments offerings.
- Buyers
- Francisco Partners
- Targets
- Command Alkon
- Sellers
- Thoma Bravo
- Industry
- Software
- Location
- Ohio, United States
- Transaction Type
- Buyout
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