Crowe Global reported $4.3 billion in 2018 revenues, marking a 14% increase from the previous year. The accounting network, now ranked eighth globally, achieved this growth just 10 months after rebranding from Crowe Horwath International. The expansion included the acquisition of Ruihua CPAs in China, the nation's second-largest accounting practice, and the Japan-based firm Toyo, which contributed $40 million in additional revenue.
Crowe Erastus & Co., the firm's Kenyan affiliate, reported an average 9% growth in 2018. Managing partner Erastus Omolo attributed the performance to expanded consulting services and strategic partnerships, despite ongoing economic challenges following Kenya's post-election turmoil. "Our business maintained strong results in 2018 despite the country's recovery from political instability," Omolo stated.
David Mellor, Crowe Global's CEO since April 2018, highlighted the network's global reach in a statement. "Success stories from our market-leading firms demonstrate a commitment to delivering lasting value for clients," he said. The firm's 2018 performance followed its rebranding initiative and strategic acquisitions across Asia and Africa.
