Crowe Firm History
Crowe Chizek®, was established in South Bend, Ind., by Fred P. Crowe Sr. and Cletus F. Chizek. Previously, Crowe had worked in public accounting for many years and also served as the St. Joseph County auditor for eight years. Chizek was head of the accounting department at the University of Notre Dame and also worked part time in public accounting.
Following the death of Fred P.Crowe Sr. in 1952, Cletus F. Chizek reorganized the firm as Crowe, Chizek and Company and two firm personnel, M. Mendel Piser and Fred P. Crowe Jr., became partners.
The first legal partnership of Crowe Chizek and Company was formulated with six founding partners: Cletus F. Chizek, M. Mendel Piser, Fred P. Crowe Jr., Robert W. Green, Joseph A. Bauters and John J. Pairitz.
Cletus F. Chizek retired from his position as managing partner of the firm and was succeeded by M. Mendel Piser.
M. Mendel Piser retired from his position as managing partner of the firm and was succeeded by Ronald S. Cohen, who served three consecutive four-year terms. This was the first time that the position of managing partner was an elected position.
Crowe became a member of Horwath International, a worldwide organization of accounting and consulting firms. The affiliation provided the firm with local, professional experts located worldwide to aid in providing service to clients with international needs.
Ronald S. Cohen retired as managing partner of the firm and James H. Naus was elected managing partner.
Crowe established a joint venture with Hartley Casey International Inc., (HCI) called Creative Financial Staffing LLC (CFS). The purpose of CFS was to build a network of certified public accountant firms trained to deliver staffing services as representatives of CFS.
Crowe was named among the nation’s 10 largest accounting and consulting firms by revenue, according to Public Accounting Report. Crowe has been named to this list each year since.
Crowe became a Limited Liability Partnership (LLP).
A new organizational structure was put in place. Mark Hildebrand was elected as chief executive officer and he appointed Frank Arford as chief operating officer.
Crowe formed Crowe Capital Markets LLC, a wholly owned subsidiary that provides investment banking services. This subsidiary was wound down in 2012.
Crowe formed a joint venture with Horwath Castillo Miranda and InterAmerican Holdings Co. called Crowe Castillo InterAmerican LLC.
Crowe acquired an interest in Castillo Miranda, an accounting and consulting firm in Mexico.
Mark Hildebrand was re-elected to serve a second four-year term as chief executive officer beginning April 1, 2003. He reappointed Frank Arford as chief operating officer.
Crowe was one of only 25 accounting and consulting firms included on the “Best of the Best” list compiled by INSIDE Public Accounting. Crowe again received this honor each consecutive year through 2006. Crowe also received honorable mention in 2007, the last year the list was published.
Crowe and Oxford Financial Group Ltd. established a joint venture called Crowe Wealth Management.
Crowe was honored as a Microsoft Partner of the Year for the Midwest District and established membership in Microsoft Business Solutions President’s Club.
Crowe launched the Crowe Foundation, designed to coordinate and better focus the firm’s charitable giving, while encouraging and supporting personnel’s volunteer involvement.
Chuck Allen became Crowe’s new CEO. Former CEO Mark Hildebrand remained with the firm and stepped into the new role of executive-in-charge of strategic alliances, while maintaining his role as chair of the board of Horwath International. Kevin McGrath was appointed Crowe’s new COO. After 35 years with the firm, former COO Frank Arford retired from Crowe in order to take on a new role as CEO of Horwath International.
Crowe was recognized with Practical Accountant’s Practice Innovation Award for its New Product Development program and its various practices aimed at promoting work/life balance.
The firm changed its name to Crowe Horwath to strengthen its alignment with Horwath International.
Horwath International changed its name to Crowe Horwath International. The new name combined the international awareness of the Horwath brand with the United States awareness of Crowe Horwath LLP (Crowe), the network’s largest member firm in the U.S.
Crowe was named the winner of Public Accounting Report’s (PAR) annual analysis of auditor changes for SEC entities in 2009. Crowe’s 33 SEC audit wins for the year, and the firm’s net gain of 24 SEC entities led all other firms.
Nationally, Crowe was recognized as one of Consulting Magazine's Best Firms to Work For in 2011. In addition to ranking 13th overall, Crowe was ranked the second best firm in Financial Advisory Services, a category that includes financial risk and performance consulting services.
Crowe COO Kevin McGrath became CEO at Crowe Horwath International, effective July 1, 2012, following the retirement of former Crowe partner and Crowe Horwath International CEO Frank Arford.
Crowe was ranked on the InformationWeek 500 list for the first time. This list, compiled by InformationWeek magazine, recognizes the nation's top 500 innovative business teams that have made notable improvements to how their companies operate by the use of new technologies and models.