Command Alkon

Transaction overview

Announced

Exact closing date not established.

Francisco Partners agreed to acquire a majority stake in Command Alkon from Thoma Bravo. Heidelberg Materials would retain its significant minority stake. Completion was expected in the second half of 2026, subject to customary regulatory approvals.

Selected source-supported transactions; coverage is incomplete. Announcements do not establish completion or that a deal is still pending. Sponsor activity and operating-business transactions are distinct from adviser acquisitions. Unclassified activity is excluded from adviser-only counts.