While private equity firm Castle Harlan has indeed bought Bookmasters from the Wurster family through one of the investment funds they control, the anticipated press release indicates they will keep it separate from Baker & Taylor — which they also own — while creating a “strategic partnership” between the two. (The original report we cited from the Ashland Gazette indicated the two companies would be merged together.) According to the release, “the two companies will operate under a commercial agreement to capitalize on their complementary strengths” though each is “independently owned” by Castle Harlan funds. Baker & Taylor will offer […]
