KKR invests in Crowe
The deal forms a new KKR-backed entity for the firm's tax and advisory work and provides capital for technology, talent, and service-line expansion, while the audit practice stays independent.
The newly formed Crowe Advisory LLC will house tax, advisory, and other non-attest services, while Crowe LLP continues as a licensed CPA firm handling all attest engagements, including audits and reviews.
"At its core, this strategic partnership is about staying ahead of what our clients need and making sure we're equipped to deliver," said Crowe CEO Steven Strammello.
The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.
Harris Williams advised Crowe and William Blair advised KKR on the financial side, while Hunton Andrews Kurth and Kirkland & Ellis provided legal counsel.
Deal facts
- Target
- Crowe Advisory LLC
- Buyer
- KKR
- Sponsor
- KKR
- Deal type
- Investment
- Headquarters
- United States
- Status
- Announced, not yet closed
- Announced
- Thursday, June 11, 2026
Sources
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