Stephen Murray was the CEO and co-founder of a private equity firm that specialized in buyout equity trade has sadly passed away. He had been in the industry for many years, and it has been reported that he passed away due to an illness. It’s an unfortunate situation as many have learned and been reliant upon his expertise. CCMP Capital was a spin off of JP Morgan which was an equity firm as well. Through a series of company merges and many different types of banking companies, CCMP Capital was formed in 2006. In 1984, Murray graduated with his bachelor’s degree in economics and started working as an analyst through a training program offered at Manufacturers Hanover Corporation. While working, Stephen Murray decided to go back and get his master’s degree in business administration through the Columbia Business School. He graduated in 1989 when MH Equity Corporation merged with Manufacturers Hanover. I wasn’t long before Chemical Bank strolled in and purchased Manufacturers Hanover in 1991, which put a spin on the company on Crunchbase. MH Equity decided to merged with Chemical Venture Partners while Chemical Bank merged with Chase Manhattan Corporation. In 1996, Chemical Venture Partners revised their entity and became Chase Capital Partners. All business were linked together some way, and Murray was part of all of it. In 2005, it was decided that Stephen Murray would become head of the buyout business at JP Morgan Partners. That was the beginning of the making of CCMP Capital, which became a separate company aside for them and started in 2006. Murray was names the CEO of CCMP Capital in 2007.
Murray was known to have served on many different types of boards, as he was very active in the community. Some of the boards that he served on were Pinnacle Foods, Legacy Hospital Parnter, Cabelas, Vitamin Shoppe and Aramak. Many knew Stephen Murray as an active philanthropist who was very involved in the community surrounding him. He took part in many different types of organizations and foundations in hopes to help the community and give hope to the future. Stephen Murray was a member and supporter of the Make A Wish Foundation and vice chairman of the board of trustees at Boston College. He was also active in the Columbia Business School Board and the local food banks that aimed at feed the community. He was a man full of knowledge and expertise, and will be missed greatly.