Stephen P. Murray was an American equity investor and former President and CEO of CCMP Capital, a private equity firm specializing in company buy-outs. CCMP Capital was founded in 1984 as Chemical Venture Partners, a private equity and venture capital division of Chemical Bank. Learn more about Stephen Murray CCMP Capital: http://www.bloomberg.com/news/articles/2015-03-13/stephen-murray-ex-ccmp-chief-who-helped-build-firm-dies-at-52
Following the Chemical Bank-Chase merger, Chemical Venture Partners became Chase Partners, and later became JP Morgan Partners, following the JP Morgan Chase merger in 2000. Stephen Murray, an analyst at MH Equity Corporation, joined the company when MH was aquired by Chemical Bank in 1991.
CCMP is a major player in the private equity and leveraged buy-out world, with average transactions in the $100 million to $500 million range. The company focuses on the industrial, medical, energy, and commercial sectors. Major ownerships stakes include Quiznos and Warner Chilcott. At one point, when CCMP was part of JPMorgan Chase, it was one of the largest private equity firms in the world.
In 2005, Murray was put in charge of all buy-out transactions at JP Morgan Partners and later became the CEO of CCMP when it was spun off from JP Morgan Partners in 2006-7. Murray was also an important member of the business and financial community, serving on the boards of directors of a number of companies, such as Octagon Credit Investors, Aramark, AMC Entertainment, Infogroup Inc., Jetro JMDH Holdings, LHP Hospital Group, Ollie’s Bargain Outlet and Strongwood Insurance Holdings. He also served on the board of trustees of Boston College.
Originally from North Tarrytown, New York, a suburb of New York City in Westchester County, he graduated from Boston College with a degree in Economics in 1984, later earning an MBA from Columbia Business School in 1989. In 1985, he married his college sweetheart Tami with whom he had four sons. The couple were married for 29 years and resided in Stamford, Connecticut.
Murray left CCMP in February, 2015, for health reasons. He passed away in March, 2015 at the age of 52, survived by his wife and children, as well as his sister and brother-in-law, who reside in London. News of his death was first made public by Fortune and later widely reported in the business media. He is remembered as a master deal-maker and investor in the private equity community.