LOS ANGELES, Feb. 10, 2021 /PRNewswire/ — 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.

“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.”

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.

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.

Insider’s take:  The Kennedy brothers have unwound their contentious co-ownership of Regency following the spinoff of 32 faces for $129 million to Netflix in 2018 and 87 billboard faces to New Tradition (see New Tradition post today).  The loser in this is Lamar which has wanted to expand in Los Angeles.

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