Mergers and Acquisitions

Towers Watson in its acquisition of the assets of Brovada Technologies Inc. for US$15 million

Towers Watson
Key Contact
John Groenewegen

Partner, Corporate, Toronto

Team
Kelly Moffatt

Partner, Franchise and Distribution, Toronto

Michael Fekete

Partner, Technology, Toronto

On September 30, 2015, Towers Watson completed its US$15.24 million acquisition of the assets of Brovada Technologies Inc. (“Brovada”).

Towers Watson is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management.

Based in New Brunswick, Brovada's business focuses on streamlining the communications between insurance agents and brokers, and property & casualty insurance carriers, and provides a connectivity platform easily integrated with both modern and legacy policy administration systems to allow for seamless transactions.

Osler represented Towers Watson with a team led by John Groenewegen (Corporate/M&A), that included Michael Fekete (Technology), Kelly Moffatt (Intellectual Property), Ryan Sakamoto and Rebecca Wainstein (Corporate/M&A), Colin Kelly (Employment & Labour) and Matthew Snyder (Technology).

Value
US$15.24 million
Date Closed
September 30, 2015
Lead Office
Toronto
Key Contact
John Groenewegen

Partner, Corporate, Toronto

Team
Kelly Moffatt

Partner, Franchise and Distribution, Toronto

Michael Fekete

Partner, Technology, Toronto