Thoma Bravo, a San Francisco private equity firm focused on software and technology-enabled services sectors, has announced a definitive agreement to acquire heavy building materials IT leader Command Alkon from New York-based Quilvest Capital Partners. The ownership transition stands to speed execution of a strategy to integrate inter-company supply chain operations in heavy construction via Connex, a many-to-many technology platform rolled out in 2019.
By focusing resources and investing in next-generation, vertical-cloud capabilities, Command Alkon officials note, heavy building materials producers will benefit from real-time collaboration tools that replace manual and paper-based processes, maximize efficiency and productivity, improve real-time decision making, and ensure certainty of project outcomes.
“This agreement is a testament to [our] sustained growth, leading market position, and the opportunities opened by our purpose-built platform for heavy construction,” says Command Alkon Chairman and Quilvest Capital Senior Partner Larry Neubauer. “Thoma Bravo’s investment track record in B2B enterprise software should only accelerate the integration of the heavy construction supply chain and deliver more value to customers.”
“We’ve had the benefit of knowing and watching Command Alkon for over a decade,” notes Thoma Bravo Partner A.J. Rohde. “We believe in the company’s vision of an integrated supply chain across the heavy construction market, and we can bring our world-class operating principles to help realize their vision faster for the benefit of all constituents.”
The acquisition sunsets a 15-year partnership with Quilvest Capital, under which Command Alkon evolved its COMMANDseries platform with critical Apex, Integra, TrackIt, MOBILE and companion programs or intellectual property from JWS Corp., Systech Inc., 323 Technology Solutions and Five Cubits—along with parallel technologies of software developers in Europe, Asia and South America. Quilvest Capital’s confidence and support, notes Command Alkon CEO Phil Ramsey, “have positioned us exceptionally well as we embark on the next chapter of growth and industry leadership … We are confident this agreement represents the most favorable outcome for our amazing industry, customers and employees. Thoma Bravo adds strategic and operational expertise to our business.”
A new owner will bring additional energy to a supply chain platform extending Command Alkon technology users’ reach beyond concrete, aggregate, cement and asphalt production or distribution points. Programmers model Connex around layers representing sourcing and procurement; communication among parties across the construction value chain; and, analytics encompassing data derived in replenishment, production, delivery, and placement cycles.