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Crowe partners with private equity; Baker Tilly on the move

By Bryan Strickland
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Top 15 firm Crowe LLP announced a new private-equity agreement.

Global investment firm KKR will make a “significant equity investment” in Crowe, a deal that is expected to close during the third quarter of 2026, according to a news release.

“At its core, this strategic partnership is about staying ahead of what our clients need and making sure we’re equipped to deliver,” Crowe CEO Steven Strammello said in the release. “We have a strong strategy and real momentum, and this investment helps us take the next step. With KKR’s support, we will invest even more deeply in our people, our capabilities, and the quality we’re known for. We’ve built something special at Crowe over the past 80 years, and our culture and values will continue to define how we move forward.”

In line with what has become a common approach to private-equity deals, Crowe LLP will remain a licensed CPA firm and continue to provide all attest services, including audits and reviews, while the newly formed Crowe Advisory LLC will provide all tax, advisory, and other nonattest services.

Baker Tilly on the move

Top 10 firm Baker Tilly is moving its headquarters from Chicago to New York City and acquiring a top 100 New York firm in the process.

According to a news release, Baker Tilly expects to close a deal this summer to acquire Anchin, a firm founded in 1923.

“Anchin strengthens our presence in a market that is central to many of the industries, entrepreneurs, and businesses we serve,” Baker Tilly CEO Eric Miles said in the release. “Establishing New York as our headquarters reflects our long-term commitment to this market and our continued investment in the talent, expertise, and capabilities our clients need to succeed.”

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Baker Tilly closed on a major private-equity investment in February 2024. And last year, Baker Tilly merged with top 15 firm Moss Adams.

— To comment on this article or to suggest an idea for another article, contact Bryan Strickland at Bryan.Strickland@aicpa-cima.com.