Funds managed by KKR agreed on 11 June to make a significant equity investment in Crowe Advisory, the newly separated tax and consulting arm of the Chicago-based accounting firm Crowe, in a deal reported to be worth nearly US$3bn.
Why KKR is buying Crowe Advisory LLC
Crowe said the capital would accelerate its existing strategy, funding investment in talent, technology and innovation, including AI capabilities.
“At its core, this strategic partnership is about staying ahead of what our clients need”
Deal terms and financing
Crowe reorganised before closing so that Crowe Advisory LLC provides tax, advisory and other non-attest services, while Crowe LLP remains a licensed CPA firm for audits and reviews. Press coverage said KKR and co-investors took a controlling interest, with existing partners retaining a minority stake; Crowe did not disclose terms.
Regulatory approvals and timing
The deal closed on 7 August 2026, ahead of the third-quarter timetable.
Market context
Crowe, founded more than 80 years ago and a member of the Crowe Global network, is the 12th-largest US accounting firm by revenue according to INSIDE Public Accounting. It is among a string of US accounting firms to take private equity money while keeping audit work separate.
