Crowe Moves Forward with Strategic Investment from KKR to Enhance Growth Opportunities

Crowe Accelerates Long-Term Growth with KKR Investment

In a significant development for the public accounting and consulting sector, Crowe LLP, a prominent firm in the U.S., has announced an agreement with global investment titan KKR. This partnership marks a pivotal moment as KKR will make a considerable equity investment in Crowe Advisory LLC, establishing itself as the firm’s first institutional capital partner.

This collaboration showcases KKR's robust belief in Crowe’s unique platform and growth potential, aiming to bolster Crowe’s momentum across various service lines. The investment is designed to accelerate Crowe's existing business strategy, empowering them to further enhance their capabilities in talent acquisition, technology, and innovation.

Crowe has a rich history of over 80 years as a trusted advisor, providing a spectrum of services including audit, tax, advisory, and consulting tailored to meet the needs of both public and private entities. Its expertise spans multiple industries like financial services, manufacturing, healthcare, and technology, making it a key player in areas requiring meticulous financial scrutiny.

"At its core, this strategic partnership is about staying ahead of what our clients need and ensuring we are equipped to deliver," said Crowe CEO, Steven Strammello. He notes the firm’s current momentum and strategic approach, stating that KKR's investment will allow Crowe to deepen its commitment to quality and expand its capabilities even further.

With the core values of Crowe at the heart of this partnership, there is a firm commitment to maintaining the quality of service that has long defined the firm's reputation. Chris Harrington, a Partner at KKR, expressed excitement about the partnership, highlighting Crowe's distinctive culture and the talent that has built invaluable client relationships over the years. KKR's investment will enable Crowe to embrace next-generation capabilities while retaining its independence and core principles.

As part of this reorganization, Crowe will be forming Crowe Advisory LLC, which will be responsible for all tax, advisory, and non-attest services. The existing Crowe LLP will continue to operate as a licensed CPA firm, continuing to provide audit and attest services. This dual structure is designed to fortify Crowe's growth strategy while adhering to regulatory frameworks essential for audit-related services.

The agreement is projected to reach its conclusion by the third quarter of 2026, pending customary closing conditions and the requisite regulatory approvals. Following this transition, both Crowe Advisory LLC and Crowe LLP will serve clients worldwide, enhancing their global network and reputation as leaders in the accounting profession. Notably, Harris Williams will act as a financial advisor to Crowe, with Hunton Andrews Kurth LLP providing legal guidance, while KKR will be supported by William Blair & Company, LLC and Kirkland & Ellis LLP.

For over 80 years, Crowe has been recognized as one of the best workplaces in the U.S., an independent member of Crowe Global—an expansive network with over 200 independent firms worldwide. The strategic investment from KKR is poised to leverage this legacy and propel Crowe into a new era of growth and opportunity.