Command Alkon — the Birmingham software company that is the industry leader in logistics platforms for the U.S. heavy construction industry — announced, on March 31, an agreement to be purchased by the private equity firm Thoma Bravo.
Chicago-based Thoma Bravo is buying out another private equity holder of Command Alkon, Quilvest Capital Partners, and Command Alkon says the new ownership will give it more opportunity to bolster its position as an industry leader. The company says it will enable it to implement its strategy to integrate inter-company supply chain operations in heavy construction by way of the company’s many-to-many technology platform CONNEX.
Command Alkon recently was named one of the “World’s Most Innovative Companies” by Fast Company. In the Logistics category, Command Alkon earned a Top 10 finish in 2020 for its CONNEX platform. The platform, said the magazine, is improving interaction among contractors, jobsite inspectors, project owners, state departments of transportation, concrete producers, bulk material suppliers and logistics providers.
“After an extensive evaluation of strategic alternatives, we are confident this agreement represents the most favorable outcome for our amazing industry, customers and employees,” says Phil Ramsey, CEO at Command Alkon. “Thoma Bravo adds strategic and operational expertise to our business, with a keen focus on executing on our long-term strategy.
“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. “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.”
Command Alkon, a private company, was founded in 1976 by CEO Ken Robinson as Alkon Corp. It took its new name after merging, in 2000, with Command Data Inc., of Columbus, Ohio.