Stephen Murray, who died on March 12, 2015 at 52, was a private equity investor and a great philanthropist. He was one of the co-founders and the president of CCMP Capital; a private equity firm focusing on growth equity and buyout transactions. Stephen joined CCMP in 1989 and stayed with it through its ownership changes until 2006 when it became a standalone company.
Murray graduated with a degree in economics in 1984 from Boston College and from Columbia Business School with a master’s degree in Business Administration where he sharpened his knowledge in business and entrepreneurship. His career started immediately after graduating from college in 1984 at Manufacturers Hanover Corporation in the credit analyst training program.
In 1989, Stephen Murray began working with MH Equity Corporation, which was a combination of Manufactures Hanover’s private equity group and its leveraged finance unit. In 2005, he became head of the buyout business at JP Morgan Partners. A spin out of JP Morgan Partners led to the foundation of CCMP Capital in 2006. Murray was named the CEO of CCMP Capital in 2007. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital and The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership
Stephen Murray has been significantly associated with the success of CCMP Capital over the last three decades. There were reports that his death threatened to rob the firm the entire United States business community. Murray was a towering figure and greatly contributed to shaping the United States private investment finance. Murray stepped down from his duties at CCMP a month before his death due to health related reasons. His position was taken over by Greg Brenneman, who was the chairman. Learn more about Stephen Murray CCMP Capital:http://rcactrack.com/2016/01/01/ccmp-capital-resumes-business-after-death-of-stephen-murray/ and http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
Murrays contributions were felt by many major companies for which he served on their boards like Aramark, AMC Entertainment, Generac Power Systems, Warner Chilcott, Cabelas Pinnacle Foods, Legacy Hospital Partners and The Vitamin Shoppe. Murray was also involved in philanthropic works and supported the Metro New York’s Make- a-Wish Foundation where he was also a member of the chairman’s council.
Stephen Murray also helped the Food Bank of Lower Fairfield County and was the vice chairman of Boston College board of trustees. Due to his contributions, Murray has been described by many as a selfless being and a believer in education. He will be fondly remembered by his colleagues and business associates as a financial guru.