A subsidiary of Deloitte Financial Advisory Services LLP, Deloitte Corporate Finance LLC, has acquired the advisory-focused investment bank, McColl Partners LLC. Terms of the acquisition were undisclosed.
Deloitte Corporate Finance will gain approximately 70 professionals from the acquisition. McColl Partners’founder Hugh McColl will work with Deloitte FAS as a senior strategic advisor.
Kevan Flanigan, who picked up the role as national managing director of Deloitte Corporate Finance in 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 U.S., and enhances its portfolio of service offerings and depth of industry coverage. Globally, this transaction are expected to help drive new opportunities across the corporate finance practices of all the member firms of Deloitte Touche Tohmatsu Limited.
“Middle-market M&A represents a significant growth opportunity for Deloitte and our clients,” David Williams, chief executive officer of Deloitte FAS, said in a statement. “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 midsized 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 founded the firm in 2001 with six investment bankers. McColl Partners is known for its 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 in a statement.
Headquartered in Charlotte, N.C., with additional offices in Atlanta, Dallas and Los Angeles, McColl Partners has teams serving clients across a number of industries, including consumer, industrial, business and financial services, health care, energy and technology. McColl Partners’ Private Capital Solutions group has helped its clients raise in excess of $4 billion in senior and subordinated debt, and its Employee Stock Option Plan Corporate Finance practice advises business owners and trustees.
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