KKR has closed a strategic equity investment in Crowe Advisory, the tax and advisory arm of Crowe, one of the largest names in global accounting. Made through funds managed by KKR, the investment gives the private equity firm a position in the non-attest side of Crowe’s business. The transaction adds to KKR’s activity in professional services. Chris Harrington, a partner at KKR, said the investment is a vote of confidence in the business."Crowe has built an outstanding business, with deep industry expertise, trusted client relationships and a clear strategy for continued growth," Harrington said. "Our investment reflects confidence in the Crowe team and the many compelling opportunities ahead."

This move underscores KKR’s focus on expanding its presence in professional services. Crowe Advisory’s specialized services in tax and advisory align with KKR’s strategy to diversify its portfolio. The partnership leverages Crowe’s established reputation and client base to drive growth. Harrington emphasized the long-term potential of the business, highlighting its stability and innovation in a competitive market.

The investment does not involve Crowe’s attest services, focusing solely on the advisory segment. This strategic separation allows both entities to capitalize on their respective strengths. Crowe’s global reach and industry knowledge are seen as key assets for sustained success. KKR’s involvement signals a strong endorsement of Crowe’s operational and strategic capabilities.