Florjancic, who was most recently CEO of Safety-Kleen, Inc., will focus on industrial and services-related investments. Murphy, previously CEO of American Safety Razor and Personal Care Group, will focus on consumer-related opportunities. Both executives will provide strategic and operating support to MCP’s portfolio companies.
MCP, a middle market private equity firm founded in 2007, manages more than $700 million of committed private equity capital and targets equity investments between $25 and $75 million in leading middle market companies.
Ted Yun, a Managing Partner of MCP, said, 'Both Fred and Jim are world-class executives with a breadth of operating experience and perspectives in the industrial and consumer sectors. They will be great additions to MCP’s existing team of operating partners, which includes Doug Corbett, who is focused on the consumer sector, and Barbara Hill, who is focused on healthcare'.
Prior to his most recent position as CEO and President of Safety-Kleen, Inc., Florjancic was Group President of the Specialty Engineered Products Division of SPX Corporation, and prior to that held a variety of senior positions with Brunswick Corporation, a recreation products company.
Murphy, prior to his positions as CEO of American Safety Razor and Personal Care Group, was country manager for L & F Canada and Divisional U.S. President as well as Managing Director for Scott Paper in the UK and Ireland.