Revau Expands US Operations with Brazos and Twenty Mile Partnership
Deal News | May 13, 2025 | Nova Capital Management
Revau, a portfolio company of Nova Capital Management, has announced a strategic partnership with Brazos Specialty Risk Insurance and Twenty Mile Insurance Services, enhancing its operations in the United States. This move, facilitated by Novacap, positions Revau as a significant player in the North American specialty-insurance market. The partnership is expected to bolster Revau's competitive edge by integrating Brazos' and Twenty Mile's deep industry expertise with its robust data analytics, capital base, and digital infrastructure, allowing the combined entity to offer superior insurance products and services. Under the new arrangement, Revau, now a stronger platform in the North American market, will benefit from the increased scale, product innovation, and synergistic data capabilities, expanding its service offerings beyond Canada. Legal and financial advisories, including Fasken Martineau DuMoulin LLP, Willkie Farr & Gallagher LLP, and Howden Capital Markets & Advisory, facilitated the deal, further enhancing Revaus strategic growth ambitions.
Sectors
- Specialty Insurance
- Private Equity
- Data Analytics
Geography
- United States – The article discusses Revau's expansion within the U.S. through partnerships with Texas-based companies Brazos and Twenty Mile.
- Canada – Revau, the expanded company, is originally a Canadian entity backed by the Canadian private equity firm, Novacap.
Industry
- Specialty Insurance – The article details the expansion of Revau's capabilities in providing specialized insurance solutions through strategic partnerships in the insurance sector.
- Private Equity – Novacap's involvement as the parent firm investing in their portfolio company Revau depicts the private equity activity.
- Data Analytics – The collaboration leverages data analytics to enhance underwriting and decision-making processes in insurance offerings.
Financials
- N/A – The article does not provide specific financial details about the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Revau | Target Company | Company | A Canadian Managing General Agent (MGA) specializing in property and casualty insurance. |
| Novacap | Private Equity Firm | Company | A leading North American private equity investor with a current focus on financial services among other sectors. |
| Brazos Specialty Risk Insurance | Partner Company | Company | An insurance provider in the U.S. specializing in commercial tailored solutions. |
| Twenty Mile Insurance Services | Partner Company | Company | A U.S-based program manager focusing on liability insurance. |
| Fasken Martineau DuMoulin LLP | Legal Advisor | Company | Provided legal counsel to Revau for the transaction. |
| Willkie Farr & Gallagher LLP | Legal Advisor | Company | Served as external legal counsel to Revau. |
| Howden Capital Markets & Advisory | Financial Advisor | Company | Provided financial advisory services to Brazos and Twenty Mile for the transaction. |
| Covington Burling LLP | Legal Advisor | Company | Served as legal counsel to Brazos and Twenty Mile. |