The company was founded in Michigan in 1981 by Kevin Siembieda and started producing its fantasy RPG series. Palladium Books acquired the Robotech RPG license but eventually let it expire after publishing 14 books, along with several from the Macross II series. In 2006, the company suffered a financial disaster, but was able to recover. They re-acquired the Robotech license in 2007, but could not publish the first book until 2008.