Deloitte Corporate Finance LLC has a acquired middle-market investment bank McColl Partners.

The Charlotte, N.C.-based investment bank was founded in 2001 by Hugh McColl and six other investment bankers. The group has about 70 employees, who will join Deloitte. McColl will stay on as a senior strategic adviser.

Deloitte says the deal will strengthen its middle market M&A advisory position. The buyer is a subsidiary of Deloitte LLP, headquartered in New York.

McColl Partners provides mergers, acquisitions, divestitures and private capital raising advisory services. Terms of the transaction were not disclosed. 

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