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.
Takeaways
- KKR is investing in Crowe Advisory through KKR North America Fund XIV.
- Crowe said the capital will support technology, talent and service-line expansion.
- The deal is expected to close in the third quarter of 2026, subject to customary approvals.
KKR has taken a significant equity stake in Crowe Advisory, the advisory business of accounting and consulting firm Crowe, in a transaction press accounts value at nearly $3 billion.
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 investment, made through KKR North America Fund XIV, delivers partner capital for technology, talent, and service-line expansion.
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.
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