Go to deals
TMT

Workman Publishing has been acquired by Hachette Book Group

Workman Publishing Co., Inc. (WPC), one of the largest and most respected independently owned book publishers in the USA, and Hachette Book Group (HBG) announced that Hachette has completed their acquisition of Workman for US$240 million. The transaction closed after successful completion of the regulatory approval process.

WPC is a publishing division of Hachette Book Group. It includes Workman, Algonquin Books of Chapel Hill, Algonquin Young Readers, Artisan, Storey Publishing and Timber Press. WPC 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. The company is headquartered in New York City’s Greenwich Village, with additional offices in Chapel Hill, North Carolina, North Adams, Massachusetts, and Portland, Oregon.

HBG is a leading trade publisher based in New York and a division of Hachette Livre (a Lagardère company), the third-largest trade and educational publisher in the world. It is made up of eight publishing groups: Grand Central Publishing, Hachette Audio, Hachette Nashville, Little, Brown and Company, Little, Brown Books for Young Readers, Orbit, Perseus Books and Workman Publishing. HBG also provides a wide range of custom distribution, fulfillment, digital and sales services to third-party publishers.

One of Oaklins’ TMT teams in New York acted as the exclusive financial advisor to the seller, Workman Publishing, in this transaction.

Service
M&A sell-side
Parties
“When Peter Workman launched our quirky little company over a half-century ago, it marked the beginning of a bold and joyful voyage. All these many years later, when I recognized that the time had come for Workman to have a new home, my first and foremost goal was to find a place where Workman’s unique culture could prosper long into the future, a place where we could nurture and protect our greatest assets: our authors, illustrators, and, most of all, our wonderful staff. I am so happy to be joining Hachette. They clearly respect not only what we are but who we are. I truly believe that our two companies will thrive together in this partnership.”

Carolan Workman

Executive Chair and President, Workman Publishing Co., Inc.

Talk to the deal team

 Joanna Stone Herman

Joanna Stone Herman

Partner
New York, United States
Oaklins DeSilva+Phillips
 Jack  Noble

Jack Noble

Partner
New York, United States
Oaklins DeSilva+Phillips
 Robin  Warner

Robin Warner

Managing Director
New York, United States
Oaklins DeSilva+Phillips

Related deals

Optano, a leading provider of AI-powered operations solutions, acquired by A.T. Kearney
TMT

Optano, a leading provider of AI-powered operations solutions, acquired by A.T. Kearney

The private shareholders of Optano GmbH have sold the company to A.T. Kearney. Optano will support them on operation engagements, chiefly in AI-powered supply chain projects, and large-scale operation transformations.

Learn more
BRM has been acquired by Alta Resources
Business Support Services | TMT

BRM has been acquired by Alta Resources

The shareholders of BRM have sold the company to Alta Resources, a leading customer relations business process outsourcer.

Learn more
TonyBet has acquired A Nossa Aposta
Other Industries | TMT

TonyBet has acquired A Nossa Aposta

TonyBet enters the Portuguese market with the acquisition of A Nossa Aposta from Cofina.

Learn more