Thoma Bravo to acquire Command Alkon from Quilvest

Building site

US-based private equity firm Thoma Bravo has agreed to acquire Command Alkon from its current owner Quilvest Capital Partners. 

Command Alkon supplies collaboration platforms for construction’s heavy work, focused on the software and technology-enabled services sectors.

"This agreement is a testament to Command Alkon’s sustained growth, leading market position, and the opportunities opened by our purpose-built platform for heavy construction,” said Larry Neubauer, a senior partner at Quilvest and chairman of the board at Command Alkon.

“Both the board and Quilvest are excited to announce Thoma Bravo’s stewardship of the company. Their investment track record in B2B enterprise software should only accelerate the integration of the heavy construction supply chain and deliver more value to customers faster,” he added.

Quilvest Capital Partners acquired Command Alkon in 2005. “I’m so thankful for our 15-year relationship with Quilvest,” added Ramsey. “Their confidence and support have positioned us exceptionally well as we embark on the next chapter of Command Alkon’s growth and industry leadership story.”      

Once completed, the acquisition by Thoma Bravo is expected to speed the execution of Command Alkon’s strategy to integrate inter-company supply chain operations in heavy construction via CONNEX, the company’s many-to-many technology platform, according to the company. 

"We’ve had the benefit of knowing and watching Command Alkon and Phil Ramsey for over a decade now,” said A.J. Rohde, a partner at Thoma Bravo.

Rohde continued: "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 realise their vision faster for the benefit of all constituents.”

Kirkland & Ellis is acting as legal advisor to Thoma Bravo. William Blair is serving as financial advisor to Command Alkon, and Dechert LLP is serving as legal advisor to Command Alkon and Quilvest.