Those who were fortunate to know him, all say that Stephen Murray was a tremendous investor and deal maker who knew how to grow a business like no one else. Sadly, the former CEO and CCMP Capital President died in March of 2015 after an illness.
He was 52-years-old and left behind his wife, Tami A. Murray, and their four sons. Murray had stepped down from his New York-based firm in February of 2015, because of what the company called “health-related reasons.” Murray left his business footprint in many areas (read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees) and had recently served on these well-regarded boards- LHP Hospital Group; Crestcom International; Octagon Credit; Strongwood Insurance Holdings; InvestorsInfogroup Inc.; Jetro JMDH Holdings and Ollie’s Bargain Outlet.
Stephen Murray was known as an industry pioneer, someone who had the magic touch when it came to making businesses a lot of money. Murray had joined JPMorgan’s merchant bank in 1989, helping to create a major private-equity business.
At one point, JPMorgan Partners was branded as one of the largest, global private equity firms. JPMorgan Partners changed its name to CCMP in 2006, after it was spun off as a separate business. Murray took over the helm as CEO in 2007 and helped the firm create a new identity with investors. Read more: CCMP’s Murray dead at 52
During his last year running CCMP, the company raised a $3.6 billion fund. A 2011 article in Institutional Investor magazine mentions that Murray grew up in a New York City suburb in Westchester County, New York. According to CCMP, he graduated with a Bachelor of Arts degree from Boston College and a Master of Business Administration from Columbia University in New York.
CCMP specializes in middle-market leveraged buyouts and growth-equity investments. A few investments of CCMP have included Quiznos Corp., Warner Chilcott Plc. and Cabela’s, Inc. CCMP’s main focus caters to firms in the health care, industrial, consumer and energy sectors.
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