Deloitte Corporate Finance 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).

Founded in 2001 by Hugh McColl and six investment bankers, McColl Partners offers 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 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. 

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 Limited.

Terms of the acquisition were not disclosed.