In March, Steve Murray, the former Chief Executive Officers and president of private equity firm Stephen Murray CCMP Capital, passed away a month after he resigned from the firm for health reasons. Murray was only 52 years old at the time of his death. He was raised in North Tarrytown, New York. In 1984, Murray earned a Bachelor of Arts degree in economics from Boston College. The, he went on to receive a Master’s degree in Business Administration from Columbia University in New York.
CCMP Capital is one of the largest private equity firms in North America. The business concentrates in growth equity investments and middle market leveraged buyouts. Murray was instrumental to the success of the company. He was a founding partner of the firm and had been with CCMP since the late 1980’s. In 2007, Murray became the CEO and President of CCMP. He succeeded the former CEO and founder Jeff Walker. Murray was an expert investor and negotiator who spent the greater part of his career in private equity. He unquestionably made many contributions to the success of CCMP Capital. Murray was a pioneer on wallstreet in the private equity industry. He can be credited with helping to build the business into a completive private equity firm.
Prior to taking over as the CEO of CCMP in 2006, Murray served in various roles at CCMP’s precursor firms. Murray worked in many capacities at the company as it went through several mergers over the years. In addition to his work at CCMP, Murray was actively involved in numerous charitable endeavors. He was on the Board of the Make A Wish Foundation of Metro New York. Murray served as the Vice Chairman of the Board of Trustees at Boston College. Murray also supported a number of other charities in his local town.
CCMP Capital is a private equity firm that is based in New York City, New York. The firm specializes in leveraged buyouts and growth equity investments in North America and Europe. Since its beginning, CCMP Capital has invested around $12 billion in leveraged buyouts and growth capital transactions. The firm focuses in investments in the consumer goods, industrial, healthcare, and energy industries.
CCMP Capital was formally known as JP Morgan Partners. The investment professionals of JP Morgan Partners parted ways with JP Morgan Chase in 2006. In 2007, CCMP was ranked among the world’s largest private equity firms. CCMP Capital has over 50 employees. The firm has offices in London, Houston, New York, Tokyo, and Hong Kong.
After the loss of its CEO, CCMP Capital has continued to experience growth and implement successful investment strategies. CCMP manages a number of portfolios for well-known companies including Quizno’s subs, 1-800 Flowers, and Cabela.