Trustbridge Global Media has acquired Peachtree Publishers, bringing the 41-year-old company within the same group that owns Holiday House and other children's content businesses in North America, Europe and Asia. Terms were not disclosed for the transaction, which was completed November 7. The company will be known formally as Peachtree Publishing Company Inc.
"We are at an inflection point in our business," said Peachtree publisher Margaret Quinlin. "We're having our strongest year in the history of the company, and we've celebrated some gratifying successes recently, thanks to a talented team of passionate professionals who are eager for growth. Trustbridge appreciates our goals, mission, and core values. With its investment and support, we're excited about taking the company to new levels, and further elevating Peachtree's reputation as a premier book publisher."
Quinlin, who has owned Peachtree since 1990, will continue as president and publisher. Current staff will remain in place, and new additions to staff will support the company's projected growth. In addition, Peachtree will remain in Atlanta, Ga., where it will operate independently and manage its own fulfillment and distribution with the assistance of its network of independent book rep groups across the U.S. and Canada.
"We've always said our core values--the commitment to our books, our sense of community, and the importance we place on our relationships--are the keys to our longevity and success, and those will not change," Quinlin added. "We will continue to honor our authors, illustrators, and other partners with the same attention and care as always. Most importantly, our mission remains the same: to create and disseminate books that educate, entertain, encourage and endure."