December 14, 2016 · Businessman, CCMP · (No comments)

Stephen Murray, deceased as of March 2015 was the CEO of CCMP Capital, a private equity firm that is currently run by Greg Brenneman and a team of executives. Murray had contributed greatly to the firm’s growth, including its initial public offering. He had sat down with peHUB in 2007 to discuss the new direction of the company.

First he explained how the company was going to be raising capital outside traditional bank loans and venture capital funding, and had garnered its funding from private investors and alternative means. He also had taken over as CEO from Jeffrey Walker who had previously led CCMP Capital during its time with JP Morgan, and it had to do with a slightly different philosophy on how the company would obtain growth. And Murray also explained how in leaving JP Morgan, he was able to attract larger individual investments and managed the transactions as part of those investments all the way through.

Stephen Murray had quite a legacy as an investor and large business deal maker since he first got into investment banking and building business portfolios. He got his degrees from Boston College and Columbia University, and started out as a credit analyst at Manufacturers Hanover Corporation. This was a major investment bank in Manhattan that became the point of interest for many other big banks, including Chemical Bank in the late 1980s, and was later merged with Chase Manhattan and then JP Morgan.

Read more:
Stephen Murray, Ex-CCMP Chief Who Built LBO Firm, Dies at 52
CCMP Capital Advisors Gets Backing to Resume Investing From Fund

Murray had moved during his career from credit analyst and advisor to managing the buyout division, serving as vice president while Jeffrey Walker was running the division. The buyout division started operating more autonomously as the bank underwent its mergers, and Murray had helped raise several public offerings during its time, including a large $5.2 million offering in 2002. The division, known at first as JP Morgan & Partners started buying several retail, healthcare and energy companies. But due to potential conflicts of interest with clients, JP Morgan & Partners parted ways with the parent bank.

Murray served as CEO from 2007 to 2015, and even after the firm’s initial public offering had helped raise an additional $3.6 billion in 2014. Unfortunately, Murray’s health started declining in late 2014 and in early 2015 it was announced that he had stepped down as CEO. Just weeks later Murray passed away, leaving behind a wife and four children, but his fellow executives commended his legacy in statements following his passing.

Read more from Stephen Murray on Institutional Investor
Follow Stephen Murray on Crunchbase

December 2, 2016 · CCMP · (No comments)

At his funeral, the family of Stephen Murray requested that guests donate money to Stephen’s favorite charity in lieu of bringing flowers. Stephen was a man who put the needs of others before his own when he was not working. Stephen was a dearly beloved husband and father who managed to rise to the position of CEO at CCMP Capital. He was loyal to the company for 25 years. His devotion to CCMP Capital was only matched by his devotion to his family. He and his wife Tami were married for 29 years.

Stephen and Tami met at Boston College, where he earned a degree in economics. They fell in love and made a lifetime commitment to each other. They had 4 children together and raised their kids in Stamford, CT. Stephen is also survived by siblings and his parents, Joe and Nancy. Stephen was born in 1962 in Brooklyn, New York. He loved the Northeast and spent his entire life there. Stephen wanted to make something great of himself in life.

Read more:
Back to Business for CCMP Capital Advisors
Ex-CCMP Capital CEO Steve Murray passes away

After finishing college, Stephen took a position as a credit analyst trainee at Manufacturers Hannover. Here he distinguished himself, but Stephen knew that without an advanced degree his upward mobility would be limited. Stephen decided to go back to school. He attended Columbia Business School in New York. He earned a master’s degree in Business Administration. He would put it to good use when he returned to work at MH Equity. This company would go through several mergers, but Stephen was a valued company man. He remained with them through the decades. First, MH Equity merged with Chemical Venture Partners, then with Chase Manhattan Corporation, then with JP Morgan Partners. JP Morgan Partners decided to spin its private equity group off into CCMP Capital. It chose Stephen to lead the operation, and he was named CEO of the company in recognition of his ability and loyalty over the years.

Stephen Murray’s expertise in the world of finance was highly sought after. He served on the board of directors of many companies. He advised The Vitamin Shoppe, Cabela’s, Generac Power Systems, Aramark, and more. Stephen was a philanthropist at heart. He gave his time freely to the charities that he felt were making a difference in the world. He volunteered to be on the board of directors for the Make-a-Wish Foundation for New York City. He gave much of his free time and money to the cause. Stephen Murray will be dearly missed.

November 23, 2016 · Business Leaders, CCMP · (No comments)

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.

Reference: http://www.bloomberg.com/news/articles/2015-03-13/stephen-murray-ex-ccmp-chief-who-helped-build-firm-dies-at-52

November 12, 2016 · CCMP, CEO · (No comments)

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/