Crowe announced that funds managed by KKR will make a significant equity investment in Crowe Advisory LLC, marking the firm’s first institutional capital partner and supporting continued investments in talent, technology, and innovation.
The transaction underscores KKR’s confidence in Crowe’s long-term growth strategy and differentiated platform. Founded more than 80 years ago, Crowe is one of the largest accounting and consulting firms in the United States, providing audit, tax, advisory, and consulting services across industries including financial services, manufacturing, healthcare, and technology.
According to the firms, the investment will help accelerate Crowe’s existing growth strategy while preserving its culture, independence, and commitment to delivering high-quality client outcomes.
As part of the transaction, Crowe will adopt an alternative practice structure. Following the closing, the newly created Crowe Advisory LLC will provide tax, advisory, and other non-attest services, while Crowe LLP will remain a licensed CPA firm responsible for audit and review services. Both entities will continue serving clients as members of the Crowe Global network.
The transaction is expected to close during the third quarter of 2026, subject to customary closing conditions and regulatory approvals.
KKR is making the investment through its North America Fund XIV.
KEY QUOTES:
“At its core, this strategic partnership is about staying ahead of what our clients need and making sure we’re equipped to deliver. We have a strong strategy and real momentum, and this investment helps us take the next step. With KKR’s support, we will invest even more deeply in our people, our capabilities, and the quality we’re known for. We’ve built something special at Crowe over the past 80 years, and our culture and values will continue to define how we move forward.”
Steven Strammello, CEO, Crowe
“Crowe’s distinct culture and outstanding talent have enabled it to build trusted client relationships and a reputation as an advisor of choice. We are excited to partner with the Crowe team to support its continued growth and investment in next-generation client capabilities, while staying true to its core values, independence, and client service.”
Chris Harrington, Partner, KKR
