Deloitte Financial Advisory Services announced on Monday its acquisition of all assets of Charlotte-based McColl Partners, an advisory-focused investment bank.
Hugh McColl, the founder of McColl Partners, will work with Deloitte as a senior strategic advisor. Nearly 70 employees from McColl Partners will join Deloitte Corporate Finance.
The acquisition is a move to strengthen Deloitte’s position as a leading mergers and acquisitionsadvisor for middle-market transactions.
“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,” David Williams, the chief executive officer for FAS said. “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.”
McColl and six investment bankers founded McColl Partners in 2001. The company specializes in providing strategic advice and assistance to entrepreneurial and institutional clients in evaluating and executing mergers, acquisitions, divestitures and private capital raising assignments.
“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,” McColl said.