In an expected albeit long delayed move, Hugh McColl Jr and his group had sold their investment bank, McColl Partners to the tax and advisory firm Deloitte. This was announced by Deloitte but no details of the deal was disclosed in the announcement. 

McColl Partners would form part of Deloitte Corporate Finance, which is a unit of Deloitte Financial Advisory Services LLP. All the 70 professionals from McColl's would joint the Deloitte group.

Part of the deal would be to retain Hugh McColl as a strategic advisor. In statement, 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."

This was seconded by David Williams, Deloitte Corporate Advisory Services CEO, who through a statement said, "Middle-market M&A represents a significant growth opportunity for Deloitte and our clients. The addition of McColl Partners' professionals enhances Deloitte Corporate Finance's market position in the United States and its global competitive advantage."