Bristow completes merger with Era
Global aviation companies Bristow Group Inc. and Era Group Inc. have completed their merger, creating a financially stronger company with enhanced size and diversification
The newly combined company will use the Bristow Group name and will remain a publicly traded company on the New York Stock Exchange. The newly combined company’s common stock will begin trading under the stock ticker ‘VTOL’ beginning on June 12, 2020 and will have a new CUSIP number of 11040G103.
Chris Bradshaw, President and CEO of Bristow, commented on the merger: “The closing of this strategic and financially compelling merger makes Bristow a larger, more diverse and stronger company, better positioned for the future. The combination brings long-overdue consolidation in the industry, better prepares us to navigate today’s market challenges, and ensures we remain the global leader in helicopter services, with an outstanding culture focused on safety and providing excellent service to our valued customers.”
The combined company will be headquartered in Houston, Texas. The newly structured organization encourages enhanced collaboration globally while maintaining efficient and agile local operations.
The combined company has an eight-member board of directors, including five members from legacy Bristow and two members from legacy Era, including the legacy Era CEO. The board of directors is comprised of G. Mark Mickelson (who will act as chairman of the board of directors), Christopher S. Bradshaw, Lorin L. Brass, Charles Fabrikant, Wesley E. Kern, Robert J. Manzo, Christopher Pucillo and Brian D. Truelove.