Business and personal development publisher Nicholas Brealey Publishing has been bought by Hachette UK, with the business becoming an imprint within John Murray Publishing.
The deal will see founder Nick Brealey continue to manage the lists, reporting into John Murray Press m.d. Nick Davies, while all other members of Nicholas Brealey staff both in London and the US will transfer over, with four members of staff in Clerkenwell moving to Carmelite House, and three in Boston joining Hachette Book Group's Boston offices.
Nicholas Brealey Publishing, set up in 1992, describes itself as "the world's smallest publishing multinational", focussing on business, leadership and personal development books, as well as popular psychology, travel and a cross-cultural list. It incorporates imprints Davies-Black and Intercultural Press which will also move across in the deal.
Hodder and Headline chief executive Jamie Hodder Williams said: "Nick Brealey is a brilliant publisher. His areas of specialism – global business and professional development and travel writing are also areas of specialism for Nick Davies's team at John Murray Press."
He added: "Tim Hely Hutchinson [Hachette UK c.e.o.] always says that we look to acquires companies when the fit is right and in this case, it could not be better."
Nick Brealey said: "I am absolutely delighted that the imprints, the many titles and the whole team on both sides of the Pond are all joining the distinguished and vibrant publishing house of John Murray Press. This is splendid news for everybody… We're now in our 25th year and I look forward enormously to working with Jamie and Nick and to celebrating our 25th birthday on the roof terrace at Carmelite House with our new colleagues."
Nick Davies said: "This is a really important and happy step in the development of John Murray Press. Nick and his colleagues have built a business that publishes the best books and attracts the best authors in their fields."
Nicholas Brealey sold £564,009 worth of books through the TCM in the UK in 2014, a rise of 28.5% on 2013. Its best year on record was 2008, when it recorded sales of £892,000. These figures do not include sales in the US or other territories.