What is the reported deal value and stake involved in Francisco Partners' potential acquisition of Command Alkon?

Francisco Partners is in advanced talks to acquire a controlling 55% stake in Command Alkon Inc. for as much as $1.3 billion, according to people familiar with the matter; the remaining 45% is owned by Heidelberg Materials AG, which acquired its position from Thoma Bravo in 2021 when the company was valued at about $1.7 billion.

Who currently owns Command Alkon, and what is the ownership structure ahead of the potential deal?

Command Alkon is currently owned by private equity firm Thoma Bravo (55% stake) and Heidelberg Materials AG (45% stake); Thoma Bravo acquired the company in 2020, while Heidelberg Materials acquired its 45% stake from Thoma Bravo in 2021.

Francisco Partners Nears $1.3 Billion Deal to Buy Construction Software Maker Command Alkon

Jul 14, 2026

Francisco Partners is nearing a $1.3 billion acquisition of Command Alkon, a software provider for cement, concrete, and aggregates producers, while Heidelberg Materials retains a 45% stake.

bloomberg

2026-07-14

Francisco Partners Nears $1.3 Billion Deal to Buy Construction Software Maker Command Alkon

Francisco Partners Nears $1.3 Billion Deal to Buy Construction Software Maker Command Alkon

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