Mayer Brown is representing the board of directors of Crowe LLP (Crowe), a leading public accounting and consulting firm, in connection with an agreement under which funds managed by KKR, a leading global investment firm, will make a significant equity investment in Crowe Advisory LLC, becoming its first institutional capital partner.
KKR’s investment underscores its strong conviction in Crowe’s differentiated platform, team, and long-term growth potential. The investment will accelerate Crowe’s existing business strategy, which is driving momentum across each of its service lines and a continued reputation for quality. It will also facilitate continued investments in talent, technology, and innovation, further enhancing the firm’s capabilities and client service.
In connection with the investment, Crowe will reorganize its structure prior to closing. Upon closing, the newly formed Crowe Advisory LLC will provide all tax, advisory, and other non-attest services to clients. Crowe LLP will remain a licensed CPA firm and continue to provide all attest services, including audits and reviews. This alternative practice structure will support Crowe’s continued growth while maintaining adherence to the regulatory framework required for attest services. Crowe Advisory LLC and Crowe LLP will continue serving clients worldwide as a leading member of the Crowe Global network.
The transaction is expected to close in the third calendar quarter of 2026, subject to customary closing conditions and required regulatory approvals.
The Mayer Brown team was led by Corporate/Mergers & Acquisitions partners Paul Theiss and Camila Panama and associates Madeline Grubert and Lindsey Gilberg, Litigation & Dispute Resolution partner Frank Favia, and Tax partner Jeff Bruns in the firm’s Chicago and New York offices.
View Crowe’s press release here.
KKR’s investment underscores its strong conviction in Crowe’s differentiated platform, team, and long-term growth potential. The investment will accelerate Crowe’s existing business strategy, which is driving momentum across each of its service lines and a continued reputation for quality. It will also facilitate continued investments in talent, technology, and innovation, further enhancing the firm’s capabilities and client service.
In connection with the investment, Crowe will reorganize its structure prior to closing. Upon closing, the newly formed Crowe Advisory LLC will provide all tax, advisory, and other non-attest services to clients. Crowe LLP will remain a licensed CPA firm and continue to provide all attest services, including audits and reviews. This alternative practice structure will support Crowe’s continued growth while maintaining adherence to the regulatory framework required for attest services. Crowe Advisory LLC and Crowe LLP will continue serving clients worldwide as a leading member of the Crowe Global network.
The transaction is expected to close in the third calendar quarter of 2026, subject to customary closing conditions and required regulatory approvals.
The Mayer Brown team was led by Corporate/Mergers & Acquisitions partners Paul Theiss and Camila Panama and associates Madeline Grubert and Lindsey Gilberg, Litigation & Dispute Resolution partner Frank Favia, and Tax partner Jeff Bruns in the firm’s Chicago and New York offices.
View Crowe’s press release here.
