Scott Lynch, formerly a senior financial executive at Red Thread Spaces LLC, the New England workplace solutions provider, has joined the leadership of Colonial Systems, Inc. in the position of Chief Financial Officer. Colonial Systems is an interior specialty contractor providing installation, storage, delivery and asset management services for contract furniture and movable wall systems in New England.
Former Red Thread Executive
As Vice President of Finance at Red Thread for the past 10 years, Scott was responsible for the complete spectrum of the Finance function, including planning and forecasting, internal and external financial reporting, sales compensation development and oversight, real estate management, payroll and SOX oversight.
He served Red Thread, formerly known as Office Environments of New England (OE), for a total of nearly 21 years. OE recruited Scott to the position of Financial Reporting Manager in 1995 based on the strengths of his audit and tax work and, in particular, his assistance with OE’s merger with OUI and Business Interiors in 1994 while a Senior Auditor in the Boston office of Arthur Andersen LLP.
Scott was the Controller at OE from 2000 to 2006 and subsequently served for a little more than five years in the dual role of Controller and Vice President of Finance. He supported OE’s continued expansion during this 11-year period through a series of business acquisitions within the New England region.
In 2010 and 2011, Scott was integrally involved in Office Environments of New England’s acquisitions of Business Interiors of NNE and BKM Total Office of CT. The resulting entity, Red Thread Spaces, is a wholly owned subsidiary of Steelcase, Inc. and a Steelcase Platinum Partner dealership.
Adding Strategic Depth
“We are gaining the advantages of Scott’s broad financial expertise at a critical time in the life of Colonial Systems,” said Gene Kosman, Colonial’s CEO. “I believe Scott will add the strategic vision, financial management perspective and relationship management skills we need to assure the company’s continued growth and long-term sustainability. His presence on the team is also going to make it easier for the business owners to maintain objectivity regarding day-to-day operations.”
Commenting on his move to Colonial Systems, Scott said: “I’ve spent most of my professional career at Red Thread and deeply appreciate the many opportunities I found there to learn, develop and achieve. As tempting as it was to continue on the Red Thread path, I had to acknowledge that, at this stage in my life, I was very much drawn to the entrepreneurial atmosphere of a small, successful, closely held business. I’ve worked with Colonial as their client. I know they have a very solid reputation in the market and immense potential. I want to be a part of the team that locks down a bright future for this company.”
Former College Athlete, Current Outdoor Enthusiast
Scott is a 1990 graduate of Assumption College, where he earned a BA in Accounting. A soccer player during his college years, Scott is now an outdoor enthusiast, a Ragnar and half-marathon runner, and an avid cyclist who has participated in the Pan-Mass Challenge 11 times. He and his wife of 24 years have two sons and live in Franklin, Mass.