Accounting firm Crowe has agreed to sell a majority stake to private-equity giant KKR and co-investors in a deal valued at nearly $3 billion.
The transaction marks a significant shift for Crowe, a firm that had long resisted outside ownership.
KKR and its co-investors will take a controlling interest in the accounting and consulting firm.
Crowe is one of the largest U.S. accounting firms, with more than 4,500 employees.
The deal reflects a growing trend of private-equity investment in the accounting industry.
Firms are seeking capital to expand services and invest in technology.
Crowe will continue to operate under its current name and leadership team.
The transaction is expected to close in the first quarter of next year, pending regulatory approvals.
