Minuteman Security & Life Safety

Quick Stats

  • Leadership: Joseph Lynch
  • Prospect Team: Brett Holcomb, Lou Kenter, Colin O’Donnell
  • Location: Andover, MA
  • Industry: Safety & Security
  • Investment Date: December 2017
  • Exit Date: August 2023


Minuteman is a premier integrator and service provider of commercial security surveillance, access control, fire systems and related life-safety technological offerings. The Company provides industry-leading technology solutions to customers in the education, healthcare, municipal transportation, law enforcement and various other commercial end-markets. The Company is headquartered in Andover, MA with locations across New England as well as in Florida and Illinois.

Our investment in Minuteman is a great example of how we identify a leading regional business in an industry with strong tailwinds and ripe for consolidation, to establish a platform of scale alongside the management team.

We were introduced to Minuteman through an industry contact. Management was looking for a partner to support a growth strategy focused on add-on acquisitions and market expansion.


Partnership Rationale

We saw an opportunity to build a leading security integration platform, leveraging a strong regional market position and brand. Minuteman was a leading security integrator in the New England region, but required investments in personnel, systems, and infrastructure to capture the geographic and service line growth opportunities available to it.


Growth Initiatives

  • Closed three add-on acquisitions, increasing density in core markets, diversifying technology lines, and expanding footprint to attractive growth regions
  • Penetrated fire, life, and safety product categories
  • Developed high-margin proprietary (security-as-a-service) technology offerings

Strategic Partnership

  • Implemented equity incentive plan for senior management and other key employees
  • Developed M&A muscle by establishing acquisition playbook and building an actionable pipeline of 75+ targets
  • Established formal financial reporting capabilities and board governance procedures

Infrastructure Building

  • Developed nationwide hub-and-spoke model, with an 11-branch network at time of exit
  • Implemented cloud-based ERP & accounting systems with real-time KPI dashboards, fleet management software, and a payroll services platform
  • Completed rebranding and website redesign

Management Team Additions

  • Facilitated retirement transition of President
  • Elevated lead operations and sales personnel to COO and CRO, respectively
  • Recruited experienced CFO to facilitate buildout of the accounting and financial functions which were not previously in place
  • Added key regional sales personnel to expand coverage


In 2023, Prospect Partners sold its interest in Minuteman for a significant gain to a larger private equity fund.

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