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.