RICHLAND, Wash. – What happens when your small company is acquired by a big company, but then it turns out that size matters and small is better?
Polestar Applied Technology, a Richland-based nuclear power consulting and technical services company, found itself in that scenario after it was acquired by a multinational corporation in 2007. By 2013, the division was threatened with closure.
Instead of accepting the inevitable, three management employees, with the help of two advisors with the Washington Small Business Development Center (SBDC), took on the challenge of plotting a profitable course back to their small business roots.
Changing course wasn’t easy, but the course they were on was a downward spiral.