Transaction
Revau Advanced Underwriting Announces its Strategic Partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services
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Transaction Overview
Revau Advanced Underwriting (“Revau”), a leading Canadian MGA specializing in P&C insurance, today announces its strategic partnership with Brazos Specialty Risk Insurance (“Brazos”) and Twenty Mile Insurance Services (“Twenty Mile”), two independent, Texas-based MGAs
- The alignment leverages the complementary strengths and distinctive market positions of the three companies, significantly augmenting Revau’s operational depth and expanding its capacity to deliver specialized solutions across diverse insurance sectors
- The leadership teams of Brazos and Twenty Mile will be meaningful shareholders in Revau, fully aligning long-term interests
The transaction significantly expands Revau’s presence and operational capabilities in the U.S., firmly positioning the combined company as a pre-eminent player in the specialty-insurance market across North America
- Brazos, a distinguished provider of specialty trucking insurance, and Twenty Mile, a specialist in construction-focused liability solutions, bring extensive market reach and deep industry expertise to Revau’s growing platform
- Revau contributes advanced data-analytics capabilities, a robust capital base, and an industry leading digital infrastructure, giving the combined group the capacity to deliver tailored products and services to brokers, carriers, and insureds across the continent
With a strong presence across Canada, Revau delivers tailored insurance solutions for specialized risks through its national network of brokers
- Headquartered in Quebec, Revau combines deep industry expertise with a cutting-edge digital platform to simplify the commercial insurance process
- Majority owned by Novacap, a leading North American private equity investor and one of Canada's most experienced private equity firms with over C$11B of AUM
Brazos is a provider of tailored commercial insurance solutions across the U.S. with deep expertise in transportation, construction, and energy sectors
- Brazos partners with independent agents and brokers to deliver admitted and non-admitted products through a wide network of respected insurance carriers
Twenty Mile is a trusted program manager specializing in primary commercial general liability insurance across the U.S.
- With a focus on commercial and residential contractors, Twenty Mile partners with a select network of surplus lines brokers to deliver tailored insurance solutions
Howden Capital Markets & Advisory Role
HCMA acted as exclusive financial advisor to Brazos and Twenty Mile; key roles and responsibilities included:
- Assisted in preparing and presenting Brazos and Twenty Mile’s financial and business overview
- Managed an organized due diligence process
- Provided guidance on key transaction documents
- Advised on negotiating key transaction terms and conditions
- Provided objective advice and acted as confidant to Brazos and Twenty Mile throughout the process
