At closing, existing Bristow shareholders will own 77 percent of the equity of the combined company, which will be named Bristow, and Era shareholders will own 23 percent. Bristow is a Houston-based provider of offshore oil and gas transportation, search and rescue, and aircraft support services to government and civil organizations. Era is a Houston-based helicopter operator, serving as a helicopter transport operator in the United States and providing helicopters and related services in other countries.

As we celebrate the sixth anniversary of our all-energy London team, we would like to take this opportunity to thank our Bracewell clients and friends with whom we have worked during 2019.