Regency Deal is Done —Kennedy Brothers Resolve all Legal Claims —Brian Kennedy Acquires 100% of Regency Outdoor Advertising
Resolves all existing legal claims with his brother and former co-owner of Regency, Drake Kennedy.
Brian Kennedy Acquires 100% of Regency Outdoor Advertising
You read it hear first, last week OOH Today reported, LA’s Regency Outdoor Gives Up 87 Units to New Tradition. Now here is the official press release acknowledging the resolution of legal disputes between the Kennedy Brothers and the full ownership to Brian Kennedy. For the official New Tradition Media announcement released today, go to link here⇒ New Tradition Acquires Portfolio of Billboards From Regency Outdoor
LOS ANGELES, — Brian Kennedy, Founder and long-time CEO of Regency Outdoor Advertising Inc. (“Regency”), has entered into an agreement to acquire 100% of the shares of Regency and all of its assets including hundreds of billboards in key locations throughout Southern California, and numerous strategic properties and buildings.
Kennedy will continue to operate the business under the “Regency” brand name, owning and operating more than 300 billboards and wallscapes in prime locations throughout Los Angeles and Orange Counties, including the highly sought after Sunset Strip.
Brian Kennedy credits Regency’s COO, Philip Berardi, for structuring the successful transaction, as well as running Regency day-to-day operations. Mr. Berardi will be elevated to President of the continuing Regency business, with Brian Kennedy remaining as CEO. “I am pleased to continue to provide some of the best billboard space in Southern California,” said Brian Kennedy, “and look forward to continuing our long and successful relationships with our valuable outdoor advertising customers.”
In addition, Brian Kennedy has amicably resolved all existing legal claims with his brother and former co-owner of Regency, Drake Kennedy.
Brian Kennedy was represented by media attorneys Charles Harder and Roger Goff of HARDER LLP (HarderLLP.com) in Beverly Hills, CA.
ABOUT REGENCY OUTDOOR ADVERTISING
Founded in 1974, Regency Outdoor Advertising is Southern California’s foremost privately-held out of home media company. Careful location selection and strategic placement has yielded years of unprecedented advertising exposure for our customers. Visit: regencyoutdoor.com