Stephen Murray was one of the founding partners of CCMP Capital. In 2006, the company spun out of JP Morgan Chase & Co. The spin out was undertaken with the view to averting potential conflicts with the clients of the bank. While confirming his death, the CEO of the firm, Greg Brenneman, said that he was saddened to learn about the news of his friend and partner. In an e-mailed statement, Greg posited that Stephen was an excellent deal maker and a great investor.
According to an article in Institutional Investor Magazine, Stephen Murray was born and raised in Westchester County, New York. Murray was a graduate of the Boston College and Columbia University based in New York.
Murray started his career back in 1984 by working at the Manufacturers Hanover Trust Company based in New York. In this corporation, Murray served as a credit trainee. Through his hard work and commitment towards achieving the organizational objectives, Murray was able to climb through the ladder to become a vice president in charge of middle-market lending.
In 1989, one of the units of Manufacturers Hanover recruited Murray. It is imperative to note that this unit was a predecessor of Stephen Murray CCMP Capital. Manufacturer Hanover underwent three mergers to become part of JP Morgan. In 2005, Murray was named to head the bank’s buyout business. Before the spin off, CCMP was known as JP Morgan Partners.
Initially, JP Morgan Partners was known for making investments in the middle-market deals as well as private equity clients of the bank.
Before his sudden demise a month later, Murray had resigned from his position as the chief executive officer of CCMP Capital. In his resignation letter, Murray cited health concerns. At the time of his death, he was 52. CCMP engages in the growth-equity investments and middle market buyouts.
CCMP zeroes in on companies engaged in energy, consumer, industrial and healthcare sectors. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/02/17/exclusive-ccmp-capital-ceo-stephen-murray-leaves-firm/
The corporation has invested in Warner Chilcott Plc, Quiznos Corp, and Cabela’s Inc.
Murray was quoted saying that the company started doing better when it was separated from JP Morgan that when they were together.
Murray leaves behind his wife, Tami Murray, and their four children. According to public records, Murray and his wife resided in Stamford, Connecticut.