The partnership aims to accelerate growth across Crowe’s consulting and tax service lines. CEO Steven Strammello stated that the fresh capital will be directed toward talent acquisition, technological innovation, and expanding the firm's reach. According to KKR Partner Chris Harrington, the move reflects long-term confidence in Crowe’s industry-specific expertise and its established client base.
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KKR Finalizes Equity Investment in Crowe Advisory
A strategic infusion of capital from KKR has officially closed, marking a pivotal expansion for Crowe Advisory LLC. The deal splits the firm’s operational structure, allowing the advisory arm to leverage private equity backing while the legacy CPA firm maintains its independent audit and attest functions.
Under the new structure, Crowe Advisory LLC will handle non-attest consulting and advisory work, while Crowe LLP continues to operate as a licensed CPA firm for audit and review services. Both entities remain part of the broader Crowe Global network. Financial advisory duties for the transaction were handled by Harris Williams for Crowe and William Blair & Company for KKR, with legal counsel provided by Hunton Andrews Kurth, Mayer Brown, and Kirkland & Ellis.
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