Ingram Content Group Enters Into Agreement to Purchase Perseus' Services Business

Mar 07, 2016

The Perseus Books Group and Ingram Content Group announced that the two companies have entered into a binding agreement to sell Perseus' client services business to Ingram. Ingram and Perseus' client service businesses will form a comprehensive print and digital distribution services provider to independent publishers with more than 600 publisher clients.

Perseus Distribution is comprised of four publisher services brands: Publishers Group West (PGW), Consortium Book Sales & Distribution, Perseus Distribution Services, and Legato Publishers Group. And, in addition, Perseus serves University presses through Perseus Academic, international publishers via a joint venture with Faber Factory, and has Constellation, a digital asset management and distribution service. Ingram will add Perseus Distribution's Jackson, Tennessee facility to its physical and print-on-demand logistics network.  Ingram's comprehensive services for independent publishers, with its wide range of physical, digital and print-on-demand solutions, will create a global services offering for publishers.

The transaction will close once certain closing conditions are met, expected to be at the end of March. On March 1st, Perseus announced that it had signed a binding agreement to sell its publishing business to Hachette.  That transaction is also expected to close at the end of March.