Category Archives: CEO

Up-close with Stephen Murray, CCMP Capital’s Former President

Stephen Murray is the former CEO and the President of CCMP Capital, a private equity company based in New York. The firm focuses on acquisition and growth of equity transactions. He worked for the enterprise for 16 years. Under his management, the company raised $3.6 billion. Stephen Murray had been with CCMP since 1999, and at that time, the firm was known as Chase Capital Partners. CCP later became JPMorgan Partners before spinning out independently as CCMP in the year 2006.

CCMP Capital has invested across many regions of North America and Europe. They have invested in three industries including the consumers, healthcare and manufacturing sectors. Their investment team is comprised of the current CEO paired with long-term entrepreneurship professionals. They partner with talented management teams to drive growth. CCMP focuses on converting public companies into private, helping businesses grow and collaborating with upcoming enterprises.

Before joining CCMP Capital, Murray had served in other organizations. He became part of the credit analyst training program on wsj.com at Manufacturers Hanover Corporation in 1984. He later joined MH Equity Corporation in 1989, which merged with Manufacturers Hanover Corporation in its leverage finance unit.

Murray had several board seats which included the Crestcom International, Jetro JMDH Holdings and Octagon Credit Investors. Apart from this, his last records show that he also had other board seats in Ollie’s Bargain Outlet and LHP Hospital Group.

Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees

Murray played a significant role in offering charitable works on Crunchbase. He supported the Boston College and was a member of the chairman’s council of the Make-A-Wish Foundation of Metro New York. He also made great contributions to support the Stamford Museum, Food Bank of Lower Fairfield and Columbia Business School. Steve Murray was the vice chairman of the board of trustees at Boston College.

The Death of Stephen Murray

Murray passed away on 13th March 2015 due to health related problems. He died at the age of 52. However, Greg Brenneman succeeded Steve and became the CEO of CCMP Capital. Greg said that they were saddened to learn of the death of Murray who was a prominent investor in the company.

Steve is praised for spending the majority of his career in the private equity. CCMP Capital is grateful for Murray’s positive contributions to the success of the business. He was a Bachelor’s degree holder in economics from Boston College. In 1989, he received his Master’s degree in business administration from Columbia Business School.

Learn more about Stephen Murray: http://www.ccmpcapital.com/team/

Stephen Murray Was a Great Deal Maker and Philanthropist

Stephen Murray had a long career in the financial sector of New York City. He was also one of the most active philanthropists in the city. Murray died last year after retiring from his private equity group, CCMP Capital, one month earlier due to health complications. He was 52 years old.

Education

After being born and raised in Westchester, NY, Stephen Murray started out his career by gaining the asset of a good education. He received his undergraduate degree in Economics from Boston College in 1984. He was still active at the school up until his death. He then got his Master’s in Business Administration from Columbia University before entering the workforce.

Early Career

He started his career after his undergrad working for Hanover Trust in the credit department. He started as just a trainee but worked his way up and rose to the position of VP of Middle Market Lending in just 5 years. He worked for Hanover trust until 2000. That is when they were bought out by Chase Bank. During his time at Hanover, he did join a private equity firm that would later develop into what we know today at CCMP Capital.

After the merger, Murray was employed at JP Morgan & Chase as head of the buyout division. He had experience with this as he had been running a private equity fund for about 10 years that specialized in bank buyouts and growth lending. This fund would continue to grow until Chase bought out Bank One.

Read more: Ex-CCMP Capital CEO Steve Murray passes away

CCMP

The merger with Bank One was the genesis for the creation of CCMP Partners. Bank One already had a private equity division. The CCMP fund was spun out of Chase Bank to prevent any conflict of interest between the fund and any of Chase’s clients from occurring.

Murray was known as a great deal-maker by his colleagues in the financial industry on ccmpcapital.com. This is a skill that he used often during his time as CEO of CCMP. The fund focused on making investments in the retail, healthcare, and energy markets. Their investments were fairly large as they average between $100 million and $500 million per transaction.

Philanthropy

On top of his successful business career, Murray also gave back to the community. Murray’s most notable role was a member of the board for the Make a Wish Foundation in Metro New York. He also served on the Board Of Trustees at his alma mater, Boston College.

Learn more about Stephen Murray: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

Squaw Valley/Alpine Meadows CEO Andy Wirth Is Focused On The 2016/2017 Ski Season

For the past ten years or so, the terms El Niño and La Niña have been used to explain why the weather patterns in North America play out the way they do. La Niña means the water in the South Pacific near the Equator is cooling off, and El Niño means the water in the South Pacific is heating up. Read more: Special Warfare Warrior | Andy Wirth’s Fundraiser

The reason the temperature of the water in that area of the world is important is, it impacts the position of the jet stream in winter.

The jet stream is the traffic lane that storm systems use around the globe, and the position of the jet stream ultimately determines where the heaviest snow falls will be in any given winter season.

Ski resorts pay a lot of attention to the temperature of the water in order to plan and prepare for their upcoming ski season. Andy Wirth, the CEO of the Squaw Valley/Alpine Meadows Ski Resort, is well aware that a low-grade La Niña effect will be the key player in late fall, and it will continue through the 2016/2017 winter season.

That means heavy snow will hit the Pacific Northwest, the Great Lakes, the northern Intermountain West, and parts of the Northeast. Andy Wirth is looking forward to another excellent ski season in the Lake Tahoe area. That’s why Wirth is spearheading the multi-million redevelopment project in the Lake Tahoe Area.

Andy Wirth is also planning to turn Squaw Valley/Alpine Meadows into a 12 month a year vacation destination, and he wants to eliminate the traffic congestion around Lake Tahoe at the same time.

The Denver ski resort, SNÖBAHN, is already offering skiers a new indoor ski facility, and Wirth wants to do the same thing. He also wants to turn Squaw Valley/Alpine Meadows into a mountain recreation facility that offers several sports activities.

Andy knows how competitive the ski industry can be. Wirth is used to competitions. He is an Ironman competitor and runner when he’s not tuned into the day-to-day needs of his ski resort. He is also the Chairman of the Reno-Tahoe Airport Authority.

Wirth is on a mission to bring skiers back to Lake Tahoe every year instead of losing them to other resorts in other states. Wirth’s has an innate competitive personality, and it shows through his extended activities in the Lake Tahoe area.

Squaw Valley CEO Andy Wirth says the Plan to connect Squaw Valley and Alpine Meadows was Dreamed Up Decades Ago

The merger of Squaw Valley and Alpine meadows made a whole lot of fuss in the ski resort industry. Some say it was just a matter of time before the merge happened considering how adjacent the two iconic ski resorts are. You can literally see one mountain from the top of the other. Squaw Valley owners purchased its neighbor Alpine Meadows in 2011. Turning what was once two competing companies into one juggernaut of a ski resort.

Although the two resorts have merged, they’re still not fully unified. Skiers have to drive from one parking lot to the other in order to ski each mountain. A problem Squaw Valley Ski Holdings is well aware of. In an effort to solve the problem, the company has announced plans to build a gondola with the aspiration of connecting the two ski resorts.

The gondola would operate in three parts that include: starting at the bottom of Squaw Valley, up and over the ridge between the two mountains, and down to the bottom of Alpine Meadows.

Squaw Valley CEO Andy Wirth and Troy Caldwell, the owner of the land between the two resorts, reached an agreement they’re both happy with. Connecting the two ski areas would be impossible without Caldwell’s cooperation.

Squaw Valley does still face some resistance from the U.S. Forest Service and Placer County. Squaw Valley is also in the act of expanding their base village. A plan that has garnered much controversy and protest. The company is asking the public to support the building of the gondola on their website. Hoping the public support will help persuade the U.S. Forest Service and Placer County to give them the go ahead to start work on the proposed gondola.

In an interview with Powder, Squaw Valley CEO Andy Wirth explained that the plan to connect the two mountains originated from Squaw Valley founder Wayne Poulsen. Poulsen envisioned the two ski resorts being connected decades ago.

About Andy Wirth

Squaw Valley CEO Andy Wirth was born Andrew Wirth July 25, 1963. He received his Bachelor of Science degree from Colorado State University before attending Edinburgh University.

According to Ironman, Andy Wirth started his career in the resort industry in 1986 with Steamboat Springs Resort. Wirth held various positions of power in his time with the company. When Intrawest bought out the company in 2007, Wirth was appointed chief marketing officer. In 2010 Wirth became the President and CEO of Squaw Valley.

Wirth is also an accomplished philanthropist. He has received much praise for his efforts in making the world a better place. He was the recipient of the Community Five Award in 2014.

Read more: Interview with Squaw Valley CEO Andy Wirth | Tahoetopia

Starting a Business

There are a lot of people who want to start a business from the ground up. However, this is a lot harder than many people imagine. Not only does it take a lot of time, but starting a business takes a lot of money as well. If you want to take things to the next level, getting some financing help may be needed.

One of the best ways to get financing for your business is to sell a portion of your ownership. Mark Sparks is starting a new TV show called Spark Tank.

On the show, he will talk to business owners about their business. If he likes the idea, he will go ahead and invest his own money into their business for a portion of the equity. This is a great way for business owners to get more cash without having to borrow the money to do so.

Mark Sparks

According to Crunchbase, Mark Sparks has always been great at starting and owning a business. There are a lot of people who want to be like him one day. He now spends his time by working with other people on their business. There are many people who learn a lot of things by working with him.

If you are someone who needs some additional help with your business, he is a great resource to use. Mark Sparks knows what it takes to succeed in the business world, and he can apply this experience to your situation.

Over the long term, getting quality guidance is one of the best things that you can do. If you are interested in going on the show, he is a great motivation to do so. The business advice that you will receive is some of the most valuable advice you can get.

Earning a Profit

Making a profit in your business is the ultimate goal. One of the best ways to do this is to scale your business up over time. However, there reaches a point in every business when a person must get additional help before going to the next level. Whether the limit is intelligence or financing, there is a ceiling that everyone hits.

This is why having a quality partner is essential. Mark Sparks knows the advice to give depending on the situation. This is why going on the show is such a good idea for some people.

Not only will you possibly receive financial help, but you will be getting advice from one of the best business owners in the entire country.

Over the long term, Spark Tank could be a great show to go on and watch. There are a lot of people who are interested in starting up their own business, and Mark Sparks wants to help.

CEO Andy Wirth talks Squaw Valley-Alpine Meadows Gondola

Squaw Valley Ski Resort has been an integral part of the Olympic Valley in California for the past 60 or so years. For this entire time span Squaw Valley has always had one addition in their sights that could not quite be added: a gondola connection to nearby Alpine Meadows.

Travelers from all over the country and, frankly, the world have traveled to Squaw Valley in order to tear up the slopes and a connecting gondola would give them the chance to hit up another mountain without the inconvenience of having to pack up, load out, and drive. Now these skiers can rest easy as the gondola is finally happening, according to Powder Magazine. Read more: Andy Wirth – Squaw Valley CEO and Philanthropist

A base to base gondola has finally been announced in order to connect Squaw Valley and Alpine Meadows into one giant skiing resort where visitors don’t even need to take off their gear to get a whole new fresh place to hit the slopes.

According to TohoeTopia, Andy Wirth, the CEO of Squaw Valley Ski, has been dreaming about this happening since at least 2011 but one problem always presented itself: a 460 section of land called White Wolf.

White Wolf is owned by Troy Caldwell and a deal had to be made that left both parties happy before the construction could begin. In the end a deal was made which would have the gondola created in three parts while completely avoiding the wildlife reserve — thus even keeping the local wildlife happy.

Andy Wirth has been getting more and more active in the Lake Tahoe region over the past couple of years and his work is starting to really make an impact on the people in the area. Wirth is serving as a chairman on the Reno Airport Authority Board while also being active with his own philanthropic ventures.

Wirth’s attachment to the area is evident and as he continues to turn Squaw Valley into a global destination, tourism dollars will continue to fly in — thus providing a much needed boon to the local economy.

Andy Wirth gained national fame and acclaim after his near fatal skydiving accident was picked up in the papers and on the internet. Wirth was an avid skydiving enthusiast who would go jumping out in Lodi, California on a frequent basis.

One fateful day Wirth’s jump was pushed off course and he was forced to put down near a vineyard. Wirth ended up clipping a telephone pole and thus losing his entire arm. In danger of bleeding out only Wirth’s calm, collected mentality kept him from going into shock.

Wirth would undergo 23 surgeries to have his arm reattached while staying in solid bed rest for 50 days before finally returning to work.