Britton H. Murdoch
Britton H. Murdoch is the Founder and Managing Director of Strattech Partners, LLC based in Devon, PA – a business consulting and venture capital firm formed in 2000. In addition, he is Chairman of the Board of Directors of Bryn Mawr Trust Company (NASD: BMTC) since January 2015 and was the Lead Director between 2010 and 2015. Mr. Murdoch also serves as a Senior Advisor and Investment Committee member at Rittenhouse Ventures II, an early stage venture capital firm. In the non-profit area, Mr. Murdoch was a Trustee at Thomas Jefferson University and Hospital for eleven years culminating in June 2016 and served as head of the Audit and Finance Committees at various times. Mr. Murdoch is also Managing Trustee of the EMF Foundation.
Mr. Murdoch was the Principal and CEO of BMW/MINI of the Main Line from 2006 to 2012. The businesses, based in Bala Cynwyd, PA, had combined revenue of $120 million and won BMW’s Center of Excellence Award in 2012. The dealerships were successfully sold to EuroMotorcars in December, 2012.
From 1997 to 2001, Mr. Murdoch was Acting CFO and board member at Fiberlink and V-Span (venture backed, communications and Internet security companies). Sales for both companies doubled each year during that period and both were able to attract strategic investors including Comcast, Goldman Sachs and GE Capital. Mr. Murdoch remained on the Board at Fiberlink until it was sold to IBM in 2013 for a 4.5x gain.
Mr. Murdoch was Chief Financial Officer for Internet Capital Group (NASD: ICGE), a development company for B to B e-commerce companies, from 1997 until June 1998. He was responsible for ICGE’s second round equity financing, bank financing, strategic planning and SEC exemptions, which were key to the company’s IPO in 1999. Internet Capital, at its high, had a market capitalization in excess of $50 billion.
Mr. Murdoch served on the Board of Directors of Rental Service Corp. (NYSE: RSV), an acquisition oriented industrial equipment rental business, from 1997 until August, 1999 when the company was sold to Atlas Copco. Mr. Murdoch served on the two-person Executive Committee of Rental Service from March, 1999 until August, 1999. During that time, the CEO required a medical leave of absence and Mr. Murdoch guided the company through a major merger transaction with Nationsrent (NYSE: NRI) and a hostile takeover bid by United Rentals (NYSE: URI) prior to selling the company to Atlas Copco. Rental Service was sold for a 20% premium over the hostile bidder’s offer.
Prior to 1997, Mr. Murdoch was the Chief Financial Officer, Vice President of Finance and Treasurer for Airgas, Inc. (NYSE: ARG), a distributor of industrial gases and welding supplies. Between 1987 and 1990, Mr. Murdoch was Vice President-Corporate Development. During his tenure, Airgas acquired over 200 companies which expanded the industrial gas distribution network from 65 locations in 12 states to over 570 locations in 41 states, Canada and Mexico. Revenues grew from $100 million to over $1.2 billion and Airgas common stock performed in the top 100 of all NYSE stocks every year between 1992 and 1996. During this time, Mr. Murdoch was awarded Mitchell and Company’s CFO 100 Award for three consecutive years.
Mr. Murdoch began his career at Marine Midland Bank in New York City before joining the Philadelphia National Bank, where he was Vice President and Unit Manager of the Eastern Corporate Division. Mr. Murdoch was responsible for the large corporate market from Philadelphia to Florida where he arranged various credit facilities, loan syndications, and Euro-market financings.
Mr. Murdoch is a graduate of the University of Pennsylvania’s Wharton School, earning a Bachelor of Science in Economics, with majors in Finance and Entrepreneurial Management. He also received a Master of Business Administration Degree from New York University.
Mr. Murdoch resides with his family in Newtown Square, Pennsylvania.