Strengthening its position as a leading M&A advisor for middle-market transactions, Deloitte Corporate Finance announced it has acquired substantially all of the assets of McColl Partners, an advisory-focused investment bank.

A team of nearly 70 professionals will join Deloitte Corporate Finance, a subsidiary of Deloitte Financial Advisory Services (Deloitte FAS).

Deloitte said that Hugh McColl, former NationsBank and Bank of America CEO who founded McColl Partners in 2001, will work with Deloitte FAS as a senior strategic advisor.

Kevan Flanigan, national managing director of Deloitte Corporate Finance since 2010, will continue to lead the practice that now includes all of the professionals from McColl Partners.

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, NC, 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.”

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.