KKR agrees to invest in accounting practice Crowe

US public accounting and consulting practice Crowe has announced that global investment firm KKR has agreed to invest in its business.

Under the agreement, KKR will invest in Crowe Advisory LLC via its North America Fund XIV, becoming its first institutional capital partner.

KKR partner Chris Harrington said: “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.”

Crowe said the capital will be used to advance its current strategy and increase investment in people, technology and innovation, with the aim of strengthening its client offerings.

The accounting practice noted that it will overhaul its structure, with the newly formed Crowe Advisory delivering all tax, advisory and other non-attest services.

Crowe LLP will remain a licensed certified public accountant practice focused on attest work including audits and reviews.

The company said this alternative practice structure is intended to support expansion while complying with regulatory requirements for attest services.

Crowe Advisory LLC and Crowe LLP will continue to operate globally within the Crowe Global network.

The transaction is expected to close in the third calendar quarter of 2026, subject to regulatory approvals and standard closing conditions.

Crowe CEO Steven Strammello said: “With KKR’s support, we will invest even more deeply in our people, our capabilities and the quality we are known for.

“We have built something special at Crowe over the past 80 years, and our culture and values will continue to define how we move forward.”

Crowe provides audit, tax, advisory and consulting services to public and private clients in sectors including financial services, manufacturing, healthcare and technology.

Last month, Crowe UK selected Mitesh Patelia as its new CEO, effective from 1 July 2026.