Strengthening its position as a leading M&A advisor for middle-market transactions, Deloitte Corporate Finance announced that it has acquired substantially all of the assets of McColl Partners, an advisory-focused investment bank. Nearly 70 professionals will join Deloitte Corporate Finance. Hugh McColl will work with Deloitte FAS as a senior strategic advisor. Terms of the acquisition were not disclosed.

“Middle-market M&A represents a significant growth opportunity for Deloitte and our clients,” said David Williams, chief executive officer, Deloitte Financial Advisory Services LLP. “The addition of McColl Partners’ professionals enhances Deloitte Corporate Finance’s market position in the United States and its global competitive advantage through its access to the member firms of Deloitte Touche Tohmatsu Limited. This transaction also bolsters the sophisticated investment banking advisory services we provide our large corporate clients as they pursue strategic mid-sized deals in both domestic and global markets and middle-market clients seeking access to global markets or who are engaged in ‘life event’ transactions.”

Founded in 2001 by Hugh McColl and six investment bankers, McColl Partners is highly regarded for its strategic advice and assistance to entrepreneurial and institutional clients in evaluating and executing mergers, acquisitions, divestitures, and private capital raising assignments. Headquartered in Charlotte, N.C., with additional offices in Atlanta, Dallas and Los Angeles, McColl Partners has dedicated teams serving clients across a number of industries, including consumer, industrial, business and financial services, health care, energy and technology.

Hugh McColl said, “After founding McColl Partners 12 years ago and working hard with my teammates to build it over the years, I’m confident that Deloitte Corporate Finance is now positioned to become a leading middle-market M&A advisor in the United States with a global reach that is truly unique.”

Kevan Flanigan, national managing director of Deloitte Corporate Finance LLC since 2010, will continue to lead the practice that now includes all of the professionals from McColl Partners. The addition of McColl Partners’ professionals, including 13 managing directors, substantially expands Deloitte Corporate Finance’s geographic presence in the United States, and enhances its portfolio of innovative service offerings and its depth of industry coverage. Globally, this transaction will help drive new opportunities across the corporate finance practices of all member firms of Deloitte Touche Tohmatsu.