Revau: Strategic Expansion Enabled by Brazos and Twenty Mile Merger
Deal News | May 30, 2025 | Re-Insurance News
Canadian managing general agent (MGA) Revau is enhancing its presence in the United States through a merger with two Texas-based MGAs, Brazos Specialty Risk Insurance and Twenty Mile Insurance Services. This strategic transaction positions the combined company as a significant player in the North American specialty-insurance market. Revau, known for its specialty in property and casualty insurance, is uniting with Brazos, a specialty trucking insurance provider, and Twenty Mile, a construction liability specialist. This merger will enable the companies to offer enhanced data and analytics capabilities, leveraging Revau's advanced analytics platform with Twenty Mile's data-rich underwriting infrastructure. The partnership is aimed at delivering innovative products and prompt decisions to brokers, carriers, and insurers across the continent. Leadership will continue under Jean-François Raymond, Revau’s President and CEO, with involvement from Brazos' Tom Spitalny and Christopher Polk. The legal advisement in this merger was provided by Fasken Martineau DuMoulin LLP and Willkie Farr & Gallagher LLP, while financial insights were directed by Howden Capital Markets & Advisory and Covington Burling LLP.
Sectors
- Insurance
- Data Analytics
Geography
- Canada – Revau is a Canadian managing general agent expanding into the US market.
- United States – Brazos Specialty Risk Insurance and Twenty Mile Insurance Services are Texas-based MGAs, central to the merger.
Industry
- Insurance – The primary industry involved, as the article discusses the merger of Revau, a managing general agent, with two other insurance entities.
- Data Analytics – This sector is highlighted due to the integration of advanced data and analytics capabilities as a strategic component of the merger.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Revau | Merged Entity | Company | A Canadian managing general agent specializing in property and casualty insurance. |
| Brazos Specialty Risk Insurance | Merger Partner | Company | A Texas-based MGA specializing in specialty trucking insurance. |
| Twenty Mile Insurance Services | Merger Partner | Company | A Texas-based MGA focused on construction liability solutions. |
| Jean-François Raymond | President and CEO of Revau | Person | Leading Revau's expansion and strategic initiatives in the merger. |
| Tom Spitalny | President of Brazos | Person | Participating in the merged entity leadership. |
| Christopher Polk | President of Twenty Mile and CEO of both entities | Person | Part of the leadership team for the combined company. |
| Fasken Martineau DuMoulin LLP | Legal Advisor | Company | Provided legal counsel to Revau. |
| Willkie Farr & Gallagher LLP | Legal Advisor | Company | Served as legal counsel to Revau. |
| Howden Capital Markets & Advisory | Financial Advisor | Company | Acted as exclusive financial advisor to Brazos and Twenty Mile. |
| Covington Burling LLP | Legal Advisor | Company | Served as legal counsel to Brazos and Twenty Mile. |