Stephen Murray, the former chief executive and president of CCMP Capital Advisors, left the firm in February 2015 due to unknown reasons. However, when the firm was reached about the issue, they said that his departure was due to “health-related” issues. Mr. Murray passed away at his home one month after leaving CCMP Capital.
“We are very saddened to learn that our friend and former partner, Steve Murray has passed away……We are grateful for his positive contributions to the success of CCMP and its predecessors,” said Mr. Brenneman, CCMP chairman.
Mr. Murray joined CCMP Capital in 2006 after the successful spin-off of JPMorgan Chase and Company. According to his profile, he has sat on the boards of Jetro JMDH Holdings, Crestcom International, LHP Hospital Group, Infogroup Inc., Ollie’s Bargain Outlet, LHP Hospital Group, Strongwood Insurance Holdings and Octagon Credit Investors.
Mr. Stephen Murray CCMP Capital holds a degree in economics and a Master’s degree in business administration that he earned from the Boston College and Columbia Business School respectively. Stephen Murray is also remembered as an active philanthropist who supported different charitable causes. He supported several foundations including the Food Bank of Lower Fairfield County and the Make-A-Wish Foundation.
About CCMP Capital
CCMP Capital is a very successful American private equity firm that deals mainly with leveraged buyout and growth capital transactions. Originally founded (1984) as Chemical Venture Partners, CCMP Capital is a branch of different investment firms including Chemical Bank, Chase Manhattan Bank, Chase Capital Partners among other firms.
Read more: CCMP’s Murray dead at 52
The company operates under four distinct categories of expertise:
• The consumer and retail sector
The consumer and retail industry of CCMP Capital has invested close to $7.6 billion for the last 31 years. This amount includes services such as service businesses, special retail, mass channel supply, multi-channel marketing and various types if information services. The consumer and retail section is headed by Thomas Walker and Richard Zannino.
• Industrial services sectors
This department has invested approximately $4.1 billion and bring more than 25 years of experience to the table. This sector includes industrial services, manufacturing, and distribution. Mr. Walsh heads the industrial services department.
• Healthcare services industry
This industry services different healthcare industries. So far, it has invested approximately $1.6 billion in healthcare industries. These industries include specialty companies and their products, providers of healthcare services, distributors of different products among others.
• The chemicals and energy department
This investment sector offers close to $2.6 billion, and it includes chemicals, oilfield service and power, exploration and production. The sector is headed by Mr. Behrens.