Command Alkon investor weighs HCSS acquisition in watershed terms

Sources: Thoma Bravo, San Francisco; CP staff Sugar Land, Texas-based construction estimating, operations, and fleet management software provider HCSS has entered into a definitive agreement to be acquired by Thoma Bravo, a major technology investor that closed on Command Alkon in early 2020 and characterizes its latest construction target as “a leader and pioneer in the industry with a long…

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Software, tech-wise investor to acquire Command Alkon

Sources: Command Alkon, Birmingham, Ala.; Thoma Bravo, San Francisco; CP staff

Thoma Bravo, a 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.

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