Crowe acquires ITR Economics

05 April 2024 Consulting.us 2 min. read

Crowe US, a national accounting and consulting firm, has agreed to acquire ITR Economics, a Manchester, NH-based economic research and intelligence firm.

Founded in 1948, ITR is the oldest privately held, continuously operating economic research and consulting firm in the United States. The firm has over 70 employees listed on LinkedIn and has practices in market and industry forecasting, sales and demand forecasting, and strategic and budget planning.

ITR works with clients in manufacturing, construction, wealth advisory, and private equity, among other industries.

Crowe’s acquisition of ITR will add economic insight and analysis offerings to its consulting business, which provides services in performance improvement, risk consulting, deal advisory, legal and compliance, technology, and business transformation.

Crowe acquires ITR Economics

"ITR is a well-established firm with a proven track record of nearly 95% accurate forecasts and delivering exceptional client insights and intelligence that empower business leaders to make informed decisions in this ever-changing business environment," said Chad Kellar, leader of Crowe's strategy & transactions consulting business. "Adding the ITR team and capabilities allows us to enhance the value we bring to our clients and play a more meaningful role across their value chains.”

Crowe recently hired Mike Edwards, formerly of EY, as leader of its consulting practice.

The Chicago-headquartered firm has more than 5,000 employees nationwide and is the 11th-largest CPA firm in the United States, according to Inside Public Accounting, with annual revenue of $1.3 billion.

“The opportunity to join Crowe and its comprehensive, multi-disciplinary business provides an exciting opportunity to serve clients in new and different ways while also creating additional professional opportunities for ITR employees," said Brian Beaulieu, CEO of ITR Economics. "We take great pride in what we've built over our 76-year history, and we firmly believe joining Crowe will allow us to expand our reach and market capabilities while also joining a proven leader in consulting."