Penguin Random House Acquires Independent Publisher & Self-Help Space Leader Hay House
Penguin Random House has acquired independent book publisher Hay House, a leader in the self-help, health and wellness space. The acquisition was announced today by Nihar Malaviya, CEO, Penguin Random House, and Reid Tracy, CEO, Hay House. Terms were not disclosed.
Currently a client of Penguin Random House Publisher Services (PRHPS), Hay House will now be able to further leverage the resources and gold-standard capabilities of the world’s largest trade book publisher to reach even more audiences and further elevate its authors. As part of Penguin Random House, Hay House will retain its editorial and publishing independence, and Tracy will continue to run Hay House as its CEO post-closing. No changes are planned for its Carlsbad, CA, New York, and London offices, or its management and employees.
Founded in 1984 by Louise Hay, known as one of the pillars of the modern self-help movement with her legendary book You Can Heal Your Life, Hay House is one of the leading independent book publishers with renowned expertise in the mind-body-spirit, health and wellness, and self-help space. The company distinguishes itself from other traditional publishers with its offerings of transformative online courses, virtual events, as well as a highly rated You Can Heal Your Life podcast and audio content app Empower You. Hay House is known across the industry for its bespoke subject focus and marketing ability, creating brand recognition and loyalty among its readers.
One of the fastest-growing mind-body-spirit and transformational enterprises in the world, Hay House publishes more than 100 titles a year and has a backlist of more than 1,500 titles from authors and teachers such as Dr. Mindy Pelz, Dr. Wayne Dyer, Iyanla Vanzant, Suze Orman, Dr. Joe Dispenza, Jerry and Esther Hicks, David Hawkins, Gabrielle Bernstein, Colette Baron-Reid, Rebecca Campbell, Kyle Gray, Lewis Howes, Jim Kwik, Brendon Burchard, Dan Sullivan, Chris Wark and Anthony William, who are attracted to the publisher’s unique approach of engaging with readers and students.
Reid Tracy, CEO of Hay House, said, “I am excited to remain at the helm of Hay House in partnership with our incredible team of employees with the added support and resources of Penguin Random House who have been an essential partner through PRHPS for many years. It is wonderful that we will keep our independence and pursue our main mission which is to help people around the world to improve their lives.”
Nihar Malaviya, CEO of Penguin Random House, said, “As we deepen our relationship with Hay House, we are thrilled to support the company’s growth and explore the areas of opportunity in their publishing services. Hay House is one of the most recognized health, wellness, and self-help brands in the world, and we look forward to working with Reid and his team on expanding upon their innovative and diverse product offerings.”
Oaklins DeSilva+Philips served as financial advisor to Hay House for the transaction.