Episode Details

Thoma Bravo, a private equity giant, is selling its majority stake in Command Alkon, a construction software company, with Evercore handling the sale. Command Alkon, co-owned with Heidelberg Materials, is thriving with over $230 million in revenue and $92 million in EBITDA this year. Thoma Bravo bought Command Alkon in 2020 and sold 45% to Heidelberg in 2021, valuing the company at $1.7 billion. The stake is expected to sell for between $1.5 billion and $1.75 billion, with revenues projected to grow 11% by 2027. This move comes as investors seek safe bets in construction tech amid broader software slumps tied to AI fears.

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