Penguin Random House Buys Sasquatch Books
Seattle-based Sasquatch Books has been acquired by Penguin Random House for an undisclosed price. The publisher, which has a backlist of approximately 250 titles and publishes in a range of areas, was one of PW’s fast-growing independent publishers of 2016. Sasquatch has been a distribution client of Penguin Random House Publisher Services for five years. In a move to maintain the company’s editorial independence, rather than make the company part of one of PRH's publishing divisions, PRHPS president Jeff Abraham will oversee Sasquatch. Commenting on the purchase, Abraham said that when he learned Sasquatch was looking for a buyer, the prospect of acquiring the company was "enormously appealing to both sides.” Click Read More below for more of the story.