Perseus Books Group

"Avalon Publishing" redirects here. For the imprint acquired by Amazon, see Avalon Books.

Perseus Books Group
Parent companyPerseus LLC - Lagardère SCA
Founded1996; 28 years ago (1996)
FounderFrank Pearl
Country of originUnited States
Headquarters locationNew York City, New York, U.S.
Key peopleDavid Steinberger (President and CEO)
Imprints12
Official websitewww.perseusbooks.com

Perseus Books Group was an American publishing company founded in 1996 by investor Frank Pearl.[1] Perseus acquired the trade publishing division of Addison-Wesley (including the Merloyd Lawrence imprint) in 1997.[2]

In 2005, Perseus acquired Client Distribution Services, the former distribution arm of Random House.[3][4][5] It was named Publisher of the Year in 2007 by Publishers Weekly magazine for its role in taking on publishers formerly distributed by Publishers Group West and acquiring Avalon Publishing Group.[1] In January 2007, the Perseus Books Group purchased Avalon Publishing Group, the parent company of Carroll & Graf and Thunder's Mouth Press;[6] the purchaser folded both imprints and stopped publishing books under those names in May 2007.[7]

In 2014, following the bankruptcy auction of Good Books assets, Skyhorse Publishing sold the Mayo Clinic line to Perseus. It was then incorporated and released through Perseus' Da Capo Lifelong imprint.[8]

After the death of Frank Pearl, Perseus was sold to Centre Lane Partners in 2015, a private equity firm.[9] In April 2016, its name and publishing business was acquired by Hachette Book Group and its distribution business by Ingram Content Group.[10]

In December 2018, Hachette Books became an imprint of the Perseus Books division. Concurrently, Da Capo Press and Da Capo's Lifelong became part of Hachette.[11]

  1. ^ a b Millot, Jim (December 3, 2007). "Publisher of the Year". Publishers Weekly. Retrieved January 21, 2012.
  2. ^ "Perseus Books Buys Addison-Wesley Unit". The New York Times. December 22, 1997. Retrieved November 13, 2011.
  3. ^ Milliot |, Jim. "Executive Group to Acquire Random's Distribution Division". PublishersWeekly.com. Retrieved January 31, 2023.
  4. ^ "Sale in Publishing Services". The New York Times. April 4, 2005. ISSN 0362-4331. Retrieved January 31, 2023.
  5. ^ "CDS CEO Leaves After Perseus Acquires Company, Merges Units | Authorlink". Retrieved January 31, 2023.
  6. ^ Milliot, Jim (November 1, 2007). "Perseus to Buy Avalon; Eyes PGW Pubs". Publishers Weekly. Archived from the original on March 4, 2016.
  7. ^ Milliot, Jim (May 10, 2007). "Perseus Folds Two Imprints, Sells Another". Publishers Weekly. Archived from the original on February 17, 2010.
  8. ^ Milliot, Jim. "Skyhorse Gets Good Books, Sells Mayo Titles to Perseus". Publishersweekly.com. Retrieved December 29, 2023.
  9. ^ Milliot, Jim (February 3, 2015). "New Investor for Perseus Books Group". PublishersWeekly.com. Retrieved April 4, 2016.
  10. ^ Natasha Onwuemezi, "Perseus sale to Hachette Book Group completed", The Bookseller, 1 April 2016
  11. ^ "Hachette Book Group Reorganizes Lines, Announces About 25 Layoffs As DiPreta Departs". Publishers Lunch. November 13, 2018. Retrieved December 30, 2018.