CCMP Capital is an equity investment firm that is based in New York. The company was established as JPMorgan Chase in 1984 before the name changed as a result of a spinout in 2006. The company was created by Stephen Murray and he served as the president and CEO of the company. Since it was founded, the company has had a net asset worth of more than $16 billion. The company also prides itself with having created employment for over fifty people in the USA.
Born on 2nd August 1952, Stephen Murray worked hard to reach the top. He grew up in a suburb in the city of New York in Westchester County. He graduated from Boston ollege with a Bachelor’s degree in arts. He then received a Master’s degree from Columbia University. After his studies, Murray began his career in 1984 when he was recruited to work as a credit intern at Manufacturers Hannover Trust Co. in New York. Steve rose through the ranks due to his work ethics. He was appointed the vice president in charge of middle market lending.
He later joined MH Equity Corporation, which is one of the companies that came together to become CCMP Capital in the year 1989. Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
Since its inception, CCMP has had a change of name several times. In 1991, Manufacturers Hanover was acquired by Chemical Bank while Chase Manhattan Corporation came together with MH Equity in 1996. The two mergers formed what Chase Capital Partners was. In the year 2000, the company changed its name once more to become JPMorgan.
It stayed so until 2005 when Stephen Murray led a breakout from the company where he was the then head of the firm’s buyout business. The spinout led to Steve forming CCMP Capital as a partner.
Over his long career, Murray has worked on boards of several companies. They include; Generac Power Systems, Warner Chilcott, Pinnacle Foods, Cabela’s, The Vitamin Shoppe, and Aramark among others. Learn more about Stephen Murray CCMP Capital: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
Over his long career, the father of four has been involved in many philanthropic activities. Murray has helped Make-A-Wish Foundation in the USA. This organization seeks to make ‘wishes’ of children with terminal illnesses come true. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M
His help has also been felt at Boston College, Stamford Museum, and the Columbia Business School.
The passing on of Stephen Murray was felt by people from various areas due to the various efforts he put in his life. Murray died at the age of 52 on 12th March 2015 as a result of health complications and was succeeded by Greg Brenneman who was previously the chairman at the company.
Steve leaves behind his widow, Tami Murray and four sons. They currently live in Stamford. Murray may be gone, but he leaves behind a legacy that will forever be remembered. Read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership