News Releases

Baker Botts Represents Era Group Inc. in the Sale of its Dart Holding Company Ltd. Joint Venture


Deal Description: On March 7, 2019, Era Group Inc., through a wholly owned subsidiary (“Era”), in conjunction with its 50% joint venture partner, O’Reilly Holding Company Ltd. (“O’Reilly”), entered into an agreement to sell its Dart Holding Company Ltd. joint venture (“Dart”). The transaction is expected to close in the second quarter of 2019, subject to the satisfaction or waiver of customary closing conditions. At closing, Era expects to receive cash proceeds, including repayment of a related party note receivable, of approximately $40 million.

Baker Botts L.L.P. represented Era in the acquisition.

Outside Counsel to Era: Baker Botts L.L.P.

Inside Counsel to Era: Crystal Gordon, Senior Vice President, General Counsel & Chief Administrative Officer

Outside Counsel to O’Reilly: Baker, Donelson, Bearman, Caldwell & Berkowitz P.C.

Outside Counsel to the buyer: Kirkland & Ellis LLP

Value: All cash transaction with Era expected to receive approximately $40 million in gross proceeds, including debt repayment

Baker Botts Lawyers/Office Involved:

Corporate: Jim Marshall (Partner, Houston); Laura Katherine Mann (Senior Associate, Houston); Ieuan List (Associate, Houston); Parker Hinman (Associate, Houston); Catherine Ellis (Associate, Houston)

Advisory: Danny David (Partner, Houston)

Tax: Ron Scharnberg (Partner, Houston)

International Trade: Paul Luther (Partner, Washington); Jason Wilcox (Special Counsel, Washington)

Employee Benefits: Rob Fowler (Partner, Houston); Krisa Benskin (Special Counsel, Houston)

Intellectual Property: Mike Hawes (Partner, Houston); Michelle Eber (Associate, Houston)

Environmental: Scott Janoe (Partner, Houston); Harrison Reback (Associate, Houston)

Real Estate: Chris Wilson (Partner, Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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