Stephen Murray resigned his position as President and C.E.O. of CCMP Capital in February of 2015, citing declining health as his reason.
Just a few weeks later, on March 12th, he succumbed to his illnesses, leaving behind a wife, four sons, and a legacy. Mr. Murray was more than just a business man, according to CCMP’s current president, Greg Brennemen, he was “a friend and partner”. Brennemen stated that the company was “deeply saddened” by the loss and stated that their “deepest condolences, thoughts, and prayers” were with Murray’s wife and sons whom Brennemen called Murray’s “pride and joy”.
Stephen P. Murray was born on August 2nd, 1962 in Brooklyn, N.Y. and grew up in Tarrytown where he attended Sleepy Hollow High School. In 1984, he received an Economics degree from Boston College, where he later served as Vice Chairman of the Board of Trustees.
He then entered the credit training program at Manufacturers Hanover. In 1989, after receiving his MBA from Columbia Business School, Murray joined Manufacturers Hanover’s Equity Division. This division combined the company’s equity group with it’s leveraged finance unit.
By 2005 MH had merged with a number of companies, and Murray followed, until he became head of buyout business at JP Morgan. In 2006, Murray co-founded CCMP Capital and was named CEO in 2007.
CCMP Capital is a spin-out of JP Morgan Chase, it contains the buyout and growth equity team of its private equity group. The company has invested approximately $12 billion in leveraged buyout and growth capital since it’s start in 1984, with $3.6 billion being raised in the year before Murray’s death.
The company typically invests $100 to $500 million of equity per transaction and focuses on companies in consumer, industrial, health care, and energy. It has over 50 employees with offices in New York, London, Hong Kong, and Tokyo.
CCMP has worked with companies such as Aramark, The Vitamin Shoppe, Legacy Hospital Partners, Generac Power Systems, and AMC. Mr. Murray served on the board of these and many other companies.
Mr. Stephen Murray was also a philanthropist, giving back to his community and to the schools that helped groom him into a successfull businessman.
He supported and was a member of the chairman’s council of the Make-A-Wish Foundation of Metro New York. Even in death, he continued his charitable work, as his family requested donations to the Food Bank of Lower Fairfield County in lieu of flowers. Learn more about Stephen Murray CCMP Capital: https://www.crunchbase.com/person/stephen-p-murray#/entity
Acoording to an obituary found on patch.com, Stephen P. Murray was “everyone’s everything”. He was a “dear friend”, an “adoring father”, and a “loving husband” to his wife of 29 years, Tami.
The obituary stated that Stephen Murray CCMP Capital was remembered as a “kind and generous man” who was known throughout his community ad a “hardworking, genuine, and compassionate person”.
Mr. Murray helped to build CCMP Capital into the thriving business that it is, today.
Stephen Murray saw the company pass throughany changes and, after a particularly difficult endeavor that left one of it’s partners angered to the point of breaking from CCMP, helped the company establish a new identity with investors.