USF Magazine Winter 2012 featuring Greg Celestan

Small Business: Big Impact

Published in the USF Magazine by Lorie Briggs | College of Business

celestanGreg Celestan stands in front of a building with the words Celestar Corporation on a wall behind him.

When Greg Celestan, an intelligence officer with U.S. Central Command at MacDill Air Force Base, set out to create his own business at the end of his 20-year career, he turned to the Small Business Development Center at USF.
It was good strategy, says the retired lieutenant colonel.

Five years later, the knowledge management and defense consulting firm he started, Celestar Corporation, was named to Inc. Magazine’s “500 Fastest Growing Companies” roster. Today, the firm’s 120 employees serve clients worldwide and it recently hit a new milestone: $20 million in revenue.

“I had this idea…

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Read full article in the USF Magazine

CEO of Celestar Corporation, Greg Celestan, featured in the Tampa Bay Times

In Tampa, two chamber leaders embrace collaboration, grapple with regional business brand.

By Robert Trigaux, Times Business Columnist
In Print: Sunday, October 28, 2012

You could say Chuck Black is today and Greg Celestan is tomorrow.

Black, 61 and former president of the Tampa Electric utility, now consults on energy issues. He is approaching the ninth inning of his year as chairman of the Greater Tampa Chamber of Commerce. Celestan, 50, a West Point graduate, started his own defense industry business after a military career. He will take on the Tampa chamber chairman’s duties for 2013.

There will be change, which is good, but also continuity. Says Celestan: “We set this up to be evolutionary, not revolutionary.”

Remember, chambers of commerce tend to be patient organizations.

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Read the full article in the Tampa Bay Times

Celestar featured in the Tampa Bay Business Journal

Military contractor thinking ahead, diversifying

Tampa Bay Business Journal by Alexis Muellner, Editor

Since 2001, Celestar Corp. in Tampa has grown as a federal defense contractor offering technology assessment and evaluation, systems engineering, and operations support.
Now, talk of sequestration – formulaic budget cuts to federal defense spending – amped forward thinking about how to diversify.

“That accelerated our plans,” said CEO Gregory Celestan. With plans to spin off technology-related units, Celestar is working in app development, events strategy, and content management and consulting, with innovation an overall theme.

The effort provides a broad roadmap for how to diversify, not only to firms focused on defense, but also to small- to mid-sized companies looking for strategies to grow businesses beyond a founding core.