Deloitte acquires McColl Partners mid-market investment banking

Deloitte has expanded its M&A advisory and capital raising business with its acquisition of Charlotte-based boutique investment bank McColl Partners. 

Deloitte has expanded its M&A advisory business with the acquisition of McColl Partners, an investment bank geared towards the US mid-market.

Deloitte views McColl Partners as a good fit culturally – all of its senior bankers will join Deloitte in the deal – as well as geographically. Until recently, Deloitte’s practice had largely been focused in the Northern US and California, whereas McColl’s focuses on the Southeast and Texas, national managing director of corporate finance Kevan Flanigan told Private Debt Investor.

“While there weren’t a lot of boutique investment banks that we got excited about, McColl was clearly the exception that,” he said. “Everywhere we looked at it, it made us better and frankly we made them better.”

McColl employs approximately 70 professionals and maintains offices in Charlotte, North Carolina; Atlanta, Georgia; Dallas, Texas and Los Angeles, California. The boutique investment bank served clients across a number of industries, including consumer, industrial, business and financial services, health care, energy and technology. 

The acquisition includes McColl’s private capital solutions group, which has helped its clients raise more than $4 billion in senior or subordinated debt, according to a statement.

“We had some legacy skillset in the senior debt realm. McColl had some magnificent abilities in the subordinated debt and junior debt fields, which we felt would really add value for our clients,” said Flanigan, who will lead the practice McColl’s professionals have joined.  

“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,” said Deloitte Financial Advisory chief executive officer David Williams in a statement.

“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.”