Neal Golden, Newmark vice chairman, takes chairman role at R Entertainment Holdings to accelerate growth across live events, ticketing, venue management.
RPM INTERNATIONAL INC/DE/ currently carries an Alpha Score of n/a, giving AlphaScala's model a neutral read on the setup.
R Entertainment, the Scottsdale-based live events and venue management company, named Neal Golden chairman of its newly formed holding company, R Entertainment Holdings. Golden is vice chairman of Newmark, the commercial real estate advisory firm, and a 15-time "Deal of the Year" recipient at Newmark.
Golden will oversee strategic expansion across R Entertainment Holdings' entities, which include R Entertainment, R Entertainment North, R Security, RPM Ticketing, and the company's marketing and sponsorship operations. The holding company structure formalizes a growth push that has been building for several years, partners said.
"We are building on the 24-year foundation of R Entertainment and its portfolio of assets and driving that success across the United States with strong regional partners," Golden said in a statement. "The methods and properties that R Entertainment has pioneered over the years are exciting to me and to nearly anyone who learns of them. These are experiential destination events and ancillary services with proven demand."
R Entertainment produces more than 300 event dates annually, including the Martha Stewart Wine & Food Experience, Great Life Festivals, the PGA WM Phoenix Open, and the Scottsdale 4th of July Celebration. The company also manages the Pepsi Amphitheater at Fort Tuthill Coconino County Park and books talent for Native American casinos.
Reed Glick, a partner at R Entertainment, said Golden's appointment will help the company "accelerate opportunities that have been years in the making." Kerry Dunne, another partner, said Golden "further validates the platforms we have spent more than two decades building."
Golden's background includes leading national retail expansion for major brands and advising financial institutions on growth initiatives that led to public market success and multi-billion-dollar valuations. His personal interests include Flat Creek Estate, a winery in Texas Hill Country, and Bingham's Bourbon, a premium whiskey co-owned with actor Ryan Bingham.
Dunne added: "As we continue expanding our portfolio of events, venue partnerships and proprietary entertainment brands, Neal's strategic leadership will help us capitalize on the tremendous momentum R Entertainment has created over the last 24 years."
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