- Acclime acquired Crowe Singapore on 28 October 2025 to expand into a broader professional services platform in Asia-Pacific.
- The combined firm exceeds 2,000 professionals across 18 markets and strengthens assurance, tax, advisory, fund administration, governance, and compliance capabilities.
- Deal terms were not disclosed, and execution will hinge on integrating regulated audit and retaining talent and client trust in Singapore’s competitive market.
- The move follows Warburg Pincus’s investment in Acclime and signals likely further M&A to build higher-margin advisory and cross-border services.
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The acquisition of Crowe Singapore by Acclime marks a pivotal move in Acclime’s evolution from a corporate services specialist into a broader professional services integrator in the Asia-Pacific region. By absorbing Crowe Singapore, Acclime gains in particular:
- Expanded technical depth: Crowe’s strengths in assurance, tax, and advisory fill gaps and bolster Acclime’s ability to deliver higher margin services—especially in audit and compliance—that are increasingly demanded by clients with cross-border operations.
- Scale and regional reach: With over 2,000 employees in 18 markets, Acclime’s platform becomes more capable of supporting clients operating across jurisdictions—leveraging its recently acquired strength in fund administration, governance, and advisory services.
- Enhanced value proposition for funds, multinationals, and family offices: The combination allows Acclime to offer technical excellence, institutional-grade fund administration, and seamless cross-border integrated solutions—areas where demand is likely rising in Singapore and the wider Asia-Pacific region.
Strategic implications also merit scrutiny:
- Competitive landscape risk: Singapore is already home to large international accounting firms and advisory practices. For Acclime, to move from a strong mid-tier regional player to challenging big global firms, execution in quality, compliance, and regulatory standards will be critical.
- Integration challenges: Aligning systems, people, culture, and regulatory obligations (especially audit and assurance) poses operational risk. Maintaining Crowe Singapore’s reputation and client trust is essential.
- Capital and ownership considerations: The acquisition comes on the heels of Warburg Pincus’s investment in Acclime in December 2025, which brings significant capital and ambition. The expectation will be to drive additional M&A, build tech capabilities (notably their AI/automation platform “Aura”), and pursue growth in regulated, high-margin advisory and fund services.
Open questions remain:
- What was the purchase price, and what was the valuation multiple for Crowe Singapore (e.g., multiple of EBITDA)?
- How will Acclime integrate Crowe’s audit practice given Singapore’s regulatory oversight roles, potential liabilities, and licensing requirements?
- What is the strategy to manage talent retention, client overlap or conflict of interest, and operational integration across assurance, tax, and advisory lines?
- How will the partnership with Warburg Pincus influence future deals—are they targeting other top-tier firms, are they eyeing IPO or further strategic exits?
Supporting Notes
- Acclime announced on 28 October 2025 that it had acquired Crowe Singapore, a local accounting and advisory practice, to become one of the largest professional services firms in Singapore.
- Crowe Singapore contributes deep expertise in assurance, tax, and advisory; Acclime adds leadership in fund administration, corporate governance, compliance, accounting. The combined entity targets clients including local firms, multinationals, funds, and family offices.
- After the acquisition, Acclime has over 2,000 professionals operating across 18 markets.
- No financial terms or purchase price for Crowe Singapore were disclosed in the public announcements.
- Earlier strategic moves include Acclime investing in regional advisory and regulatory compliance capabilities, such as its acquisition of Principium Consulting in Singapore (January 2026), and prior growth in Australia, New Zealand, and Hong Kong.
- Acclime in December 2025 signed an agreement for investment from Warburg Pincus, aiming to support its next phase of growth, innovation, and international expansion.