HILLIARD, Ohio and SAN FRANCISCO – Thoma Bravo, the world’s largest software-focused investment firm, today announced the completion of the sale of its majority stake in Command Alkon, the trusted technology partner powering the heavy building materials industry, to Francisco Partners. Heidelberg Materials, one of the world's largest integrated manufacturers of heavy building materials and solutions, retains its significant minority stake in Command Alkon.
About Thoma Bravo
Thoma Bravo is the world’s largest software-focused investment firm, with approximately $170 billion in assets under management as of June 30, 2026. Partnering with some of the world’s most sophisticated investors, Thoma Bravo’s private equity and private credit platforms reflect a focused investment strategy, supported by disciplined execution, deep sector expertise and leadership continuity. Over the past 20-plus years, Thoma Bravo has acquired or invested in approximately 600 software and technology companies, representing more than $325 billion of aggregate enterprise value (including control and non-control investments, as well as add-on acquisitions). Learn more at thomabravo.com and on LinkedIn.
About Command Alkon
Command Alkon is the global leader in software and platform technology for the heavy building materials industry. Through Command Cloud, the company connects raw materials, production, dispatch, logistics, and financials in a single platform purpose-built for ready mix, asphalt, and aggregate producers. With 50 years of industry expertise and a presence in more than 80 countries, Command Alkon powers mission-critical operations for thousands of producers worldwide, delivering real-time visibility, operational precision, and data-driven insights across the entire materials value chain.
About Francisco Partners
Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 25 years ago, Francisco Partners has invested in over 500 technology companies, making it one of the most active and longstanding investors in the technology industry. With over $75 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com, opens in a new tab., opens in a new tab..
About Heidelberg Materials
Heidelberg Materials is one of the world's largest integrated manufacturers of heavy building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. Around 49,000 employees in almost 50 countries shape our growth path. Drawing on our global advantage, we create synergies in the areas of sustainability, digitalization, and technical excellence. As the industry’s front runner on the path to Net Zero, we enable our customers to lead the way towards a more sustainable future through our growing offering of low-carbon and circular building materials.