How to add a 3rd party product to a Satellite server

I have a system administrator with a requirement to add syslog-ng to some servers he manages. Syslog-ng isn't included by default in the Redhat repositories.
Is it possible to add syslog-ng to a Satellite server as a 3rd party product so that someone can just run "yum install syslog-ng" to install it without having to create an individual repository on each server?
Thanks,
PG

Edit - I should have added relevant version information - Satellite 6.2, running on RHEL 7.3