Brian Kennedy owns Regency billboards.
Regency Outdoor, a prominent entity in the outdoor advertising landscape, is currently under the sole ownership of Brian Kennedy. This ownership was solidified in February 2021, when Brian Kennedy successfully acquired 100% of the company's shares from his brother, Drake Kennedy.
Understanding Regency Outdoor's Ownership and Recent Developments
The transition of ownership to Brian Kennedy marks a significant chapter for Regency Outdoor, a company long recognized for its impactful outdoor advertising displays, particularly in key markets like Los Angeles.
Here’s a breakdown of the key ownership details and a notable business transaction that occurred concurrently with the ownership change:
| Key Aspect | Detail |
|---|---|
| Current Owner | Brian Kennedy |
| Ownership Acquired | February 2021 |
| Previous Owner | Drake Kennedy |
| Shares Acquired | 100% |
| Concurrent Sale | In February 2021, Regency sold 87 billboard faces in Los Angeles to New Tradition. |
This period of change in February 2021 not only saw a complete shift in the internal ownership of Regency Outdoor but also involved a strategic divestment of a significant portion of its Los Angeles assets. The sale of 87 billboard "faces" (individual advertising display surfaces) to New Tradition highlights a strategic re-evaluation of Regency's portfolio alongside the ownership transfer.
Regency Outdoor remains a key player, with its operations and strategic direction now firmly guided by Brian Kennedy, continuing its legacy in the competitive outdoor advertising industry.
