Stephen Murray of CCMP Capital is Gone, But Not Forgotten

Those who knew Stephen Murray personally understand that his legacy can never be wiped out, thanks to the waves he made in the world of capital and finance. The now deceased CEO of CCMP passed away at the relatively young age of 52 due to unknown health reasons. Just before his death, he had stepped down in his role to manage his personal health, a spokesperson for the firm confirmed.

Stephen Murray ran one of the most successful investment branches in the industry at CCMP out of New York City. The company was a part of JPMorgan Chase, and they continued to yield positive cash flows for investors year after year. The company was founded by Murray in 2006 to avoid conflicting interests of various clients within the umbrella corporation of JPMorgan Chase.

Their strategy is to attack mid-market deals and invest in equity for a long term ROI. Thanks to execution and sound strategy, the firm managed to get investments of over $3.6 billion last year. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund

Typically, an investment of $100 to $500 million is made with the firm. That is from the official statement on CCMP’s website. They target the consumer, industrial, healthcare, and energy sectors primarily. Some of their famous investments include Chilcott, Quizno’s, and Cabela’s.

Stephen Murray’s hometown is New York, having been raised in the suburban district of Westchester County. He went to college at Boston College to get his BA and then to Columbia in NY to wrap up his MBA.

From there, his path to becoming a successful investor is quite unique. Stephen Murray actually started out at the bottom as a credit trainee at a manufacturing company. Eventually he was promoted to the VP of the middle-market investment branch of that company. He broke off the company and made it his own, eventually getting acquired by JPMorgan Chase in 2000, but not before going through three separate merger transitions.

Murray would go on to make a successful name for himself and earn the respect of the financial industry while working under the umbrella of JPMorgan Chase and partners. It was 2005 when he again broke of CCMP to become a different branch of the company, and from there things continued to look up. He is survived by his wife Tami and four kids in Connecticut. And he is remembered as a genius investor by his colleagues in the industry. His death was truly a shock to all who knew him.

STEPHEN ‘STEVE’ MURRAY THE FATHER OF THE PHILANTHROPIST

Stephen ‘Steve’ P. Murray was born on 2nd of August 1962. He met his death later on 12th March 2015 at the age of 52. Murray, before his death invested mostly in the private equity. He will be remembered as one of the greatest philanthropists that lived. CCMP Capital received services from Murray as the president and the chief executive officer.

Murray diligently extended his philanthropy at Make-A-Wish Foundation found in Metro of New York, Boston College, and Columbia Business School. At Boston College board of trustees, Murray exercised his leadership skills on the board as the Vice Chairman. At Make-A-Wish Foundation coordinator’s council, he was a proactive and dedicated member.

EDUCATION BACKGROUND

Murray joined Boston College in his youth and graduated with a degree in economics in 1984. He then entered Columbia Business School to further his studies and earned himself a master’s degree in business administration in 1989.

CAREER BACKGROUND

Stephen Murray’s career history started way back in 1984 at Manufacturers Hanover Corporation, where he participated in the training program of the credit analysts. In 1988, Murray started working with MH Equity Corporation. Learn more about Stephen Murray CCMP Capital: http://blogs.wsj.com/privateequity/2015/03/13/former-ccmp-ceo-stephen-murray-dies-at-52/

The Corporation merged with Chemical Venture Partners in 1991 after Chemical Bank purchased Manufactures Hanover. JP Morgan Partners appointed him as the head of buyout business in 2005. Murray was named Chief Executive Officer of CCMP in 2007.

Aramark, AMC Entertainment, The Vitamin Shoppe, Generac Power Systems, Cabela’s Pinnacle Foods, Legacy Hospital Partners and Warner Chilcott are the major companies that Stephen P. Murray served on board.

HIS DEATH

Stephen ‘Steve’ P. Murray, resigned as the Chief Executive Officer of CCMP Capital Advisors in February 2015 for health reasons. Murray stepped down from his responsibility in the company that he served for approximately two and a half decades.

Chairperson Greg Brenneman took over the mantle after his resignation. On 12 March 2015, a spokeswoman for the New York-based company by the name Alexandra LaManna confirmed his death in an e-mail. Murray died at the age of 52, leaving behind his bundles of joy and pride Tami A. Murray, his wife now a widower with the responsibility of bringing up their four sons.

Stephen ‘Steve’ P. Murray will forever be remembered for his great works and dedication in CCMP Capital Advisors. He contributed significantly in stabilizing of the company since 1989, as it underwent through ownership changes before it sustained in 2006. Dust to Dust, Ashes to Ashes. May His Soul Rest in Eternal Peace.

Read more:

CCMP Capital Advisors Gets Backing to Resume Investing From Fund