M&A Deal Summary

Hachette Book Group Acquires Workman

On August 16, 2021, Hachette Book Group acquired publishing company Workman

Acquisition Highlights
  • This is Hachette Book Group’s 3rd transaction in the Publishing sector.
  • This is Hachette Book Group’s 3rd transaction in the United States.
  • This is Hachette Book Group’s 2nd transaction in New York.

M&A Deal Summary
Date 2021-08-16
Target Workman
Sector Publishing
Buyer(s) Hachette Book Group
Deal Type Add-on Acquisition

Target

Workman

New York, New York, United States
website
Workman is an independently owned family of publishers, including Workman Publishing, Workman Audio, Algonquin Books of Chapel Hill, Algonquin Young Readers, Artisan, Storey Publishing, and Timber Press. Workman also is the distributor for The Experiment, duopress, Erewhon Books, and Familius. Workman publishes award-winning children’s books, cookbooks, parenting/pregnancy guides, and books on gardening, country living, and humor, as well as gift books, fiction, audio, and the bestselling calendar line in the business. Workman is based in New York City.

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Buyer(S) 1

Buyer

Hachette Book Group

New York, New York, United States

website

Category Company
Founded 1837
Sector Publishing
DESCRIPTION

Hachette Book Group is a major trade publisher based in New York and a division of Hachette Livre, the third-largest trade and educational publisher in the world. HBG publishes under the divisions of Little, Brown and Company, Little Brown Books for Young Readers, Grand Central Publishing, Orbit, Hachette Books, Hachette Nashville, and Hachette Audio. HBG also provides a wide range of custom distribution, fulfillment, digital and sales services to third party publishers, including Harry N. Abrams, Amazing People Club, Chronicle Books, Disney Book Group, Gildan Media, Hearst Magazine.

DEAL STATS #
Overall 3 of 3
Sector (Publishing) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (New York) 2 of 2
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Perseus - Publishing Business

United States

Perseus - Publishing Business publishing imprints include Avalon Travel, Basic Books, Basic Civitas, Da Capo Press, Da Capo Lifelong Books, PublicAffairs, Running Press, Seal Press, and Westview Press, as well as partnerships with The Economist, The Nation Institute, and The Weinstein Company.

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