Success overseas is dependent on an organization's ability to manage its subsidiaries efficiently
 

 

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HSP tops Boston Business Journal's Pacesetter list



16 April, 2010 -





Firm flourishes as clients eye overseas markets
by Keith Regan

In the midst of a staggering recession, High Street Partners has managed to post strong growth numbers as companies tap the Boston firm for its expertise in helping to get products and services into overseas markets.

“We’re in a large and growing market,” said Larry Harding, High Street’s founder and president. “It's growing at least as fast as it was in 2007 and 2008.”

High Street put up the best numbers of the private firms on the Boston Business Journal’s Pace-setters roster, with revenue growing more than 470 percent between 2006 and 2009 to $12.4 million. Revenue more than doubled between 2007 and 2009.

In many ways, the U.S. recession has helped High Street. Because its expertise includes helping businesses enter new markets, companies turned to the firm in larger numbers as they sought to replace revenue they were losing domestically. High Street has also gained new clients in the institutional and higher education space as those organizations also chase international growth opportunities. “The entire global economy slowed, but in places like Brazil and China, you still had 8 (percent) to 10 percent growth, and that’s look pretty good when the market is contracting at home. There was a lot more urgency for businesses to get into those markets quickly over the past couple of years.”