Turner Publishing has acquired the publishing assets of Fieldstone Alliance, a Minnesota consulting and publishing firm aimed at the nonprofit market. The acquisition includes existing inventory, publishing agreements and related intellectual property for more than 50 business management titles geared towards helping nonprofit, community, funders, government and business leaders improve their communities. Its books have sold more than250,000 copies. Turner is integrating the line into its operations and has taken over distribution of the titles.
Todd Bottorff, president and publisher, said he is “very excited to acquire this quality list that brings us into the nonprofit segment,” adding that he sees room for growth for the line in both the international and e-book market. This is Turner’s second acquisition this year. In the spring, it acquired the publishing assets of Ancetry.com. Bofforff said he will be looking for more acquisitions in 2011.