Houston-based helicopter companies to combine after recent bankruptcy

After emerging from bankruptcy less than three months ago, Bristow Group Inc. has reached a deal to combine with a fellow Houston-based helicopter company.

Bristow and Era Group Inc. (NYSE: ERA) will combine in an all-stock transaction that’s expected to close in the second half of 2020. The deal is called a reverse triangular merger, in which Era will issue shares to Bristow stockholders, according to a Jan. 24 press release.

Era shares will continue trading on the New York Stock Exchange, and…