Environmental publisher Earthscan has been bought by international academic publishing group Taylor & Francis following a process brokered by mergers and acquisitions specialists Bertolli Mitchell.
Earthscan's principal owner and executive chairman, Edward Milford, will step down from the business after a three month transition period. It is "too early" to comment on whether Earthscan's more than 30 employees would be moving to new premises, or if any job losses would happen.
Earthscan m.d. Jonathan Sinclair Wilson said: "From our side the logic of the move was dictated by the rapidly increasing importance of the area in which we publish. Although we've been doing well and growing fast, we've come to realise that our size and even our independence were not adequate to the scale of the publishing opportunity, and challenge, in the sustainability space.
"We need more muscle and more reach, and in our discussions with T& F we found both a recognition of the potential and the prospect that the publishing would being given the resources it needs to make the most of that potential."
Environment and sustainability specialist Earthscan was named independent publisher of the year at the IPA awards in 2010, with judges calling the publisher "solid, reliable and consistently successful" and "a yardstick by which all independents might measure themselves.