Stephen P. Murray was a private equity investor and also philanthropist who was born on August the second in 1962 and passed away on March 12th 2015. He was the CEO and president of CCMP Capital, a private equity firm that focuses on buyout and growth equity transactions.
He was a family man and had one wife, Tami Murray, and four children. Murray graduated with a degree in economics from Boston College in 1984. He later graduated with a master’s degree in business administration from Columbia Business School in 1989.
Stephen Murray then became part of the credit analyst training program which was at Manufacturers Hanover Corporation in 1984. In 1989 he joined MH Equity Corporation, which summed up Manufactures Hanover’s private equity group with its leveraged financial unit. In 1991, Manufacturers Hanover’s was acquired by Chemical Bank, and MH Equity merged with Chemical Venture Partners.
Chemical Bank later came together with Chase Manhattan Corporation in 1996 and Chemical Venture Partners became Chase Capital Partners. In 2005, Murray became head of buyout business at JP Morgan Partners. In August 2006, he co-founded CCMP Capital, which was a spinout of JP Morgan Chase and contained the buyout and growth equity team of its private equity group.
Later the following year, he was named CEO of CCMP. Murray also served on the board of many major companies which include Generac Power Systems, Aramark, Warner Chilcott, The Vitamin Shoppe, AMC Entertainment, Pinnacle Foods and Legacy Hospital Partners.
Murray’s work in charitable work and efforts in giving back to the community are numerous. He supported the Make-A-Wish Foundation which is in Metro, New York, the Food Bank of Lower Fairfield County, Columbia Business School, Boston College, and the Stamford Museum. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees and CCMP’s Murray dead at 52
He was the vice chairman of the board of trustees at Boston College and an active member of the president’s Council of the Make a Wish Foundation of Metro New York (Learn more about Stephen Murray CCMP Capital: http://culturebytes.org/the-exponential-growth-of-ccmp-capital-under-stephen-murrays-leadership/). His hard work and efforts will for a long time be remembered for the many contributions he offered to the community and the company.
He helped the company raise more than 3 billion for the enterprise. He brought along many investors who helped take the company to new levels and opened new opportunities for them. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
His contribution to the world of business will be remembered for a long time and the many people he helped throughout his career will surely never forget his work.
The legacy of Stephen Murray will be in the books of history as the individual who changed and revolutionized the business industry as we know it. His charitable activities will also be remembered in particular for the many people he helped in any and the best ways he could and knew how.