Stephen Murray, former president and CEO of CCMP capital passed away at the age of 52. He died on March 12 as was confirmed by Alexandra LaManna, the official spokeswoman for CCMP capital. His death came shortly after he resigned from his post. Stephen had vacated his position citing health reasons. Stephen Murray death comes as a tragic blow to his friends, family, and peers at CCMP Capital where he spent almost 16 years managing the firm. Stephen had been with CCMP since 1999. The company was initially known as Chase Capital Partners at that time before changing names again as JP Partner and finally branching out independently in the year 2006. CCMP Capital on Crunchbase specializes in middle-market leveraged buyouts and growth equity investments. The firm raised its latest fund in 2014 with $3.6 billion.
The typical investments of CCMP capital vary from $100 million to $500 million of equity per transaction focusing on companies in consumer, industrial energy and health care sectors. Gregg Brenneman, the current CCMP chairman who succeeded Stephen as president and CEO said in a separate statement that he was deeply saddened by the passing of Steve (as he was formally known to people around him). Gregg went on to state that Steve was a terrific investor and a founding partner of the firm who had spent his career in private equity. Gregg concluded by saying that CCMP was grateful for his positive contributions to the success of CCMP and its predecessors.
Stephen Murray started his career with a credit analyst training program at Hanover Trust Corporation where he rose to become president of middle market lending. In the year 1989, he went and joined MH Equity Corporation which ultimately became CCMP as it is known today where he went on to become the CEO and president in the year 2007 succeeding the previous group founder Jeff Walker. He worked at CCMP capital for the last 16 years until his official resignation came through in 2015. Stephen Murray had a glorious career even chairing many boards including Crestcom International, Infogroup Inc, Jetro JMDH Holdings, LHP Hospital Group, Bargain Outlet, Octagon Credit Investors, Strongwood Insurance Holdings and Ollie’s Bargain Outlet.
Stephen Murray was also involved with philanthropic initiatives during his lifetime which included the Make-a-wish Foundation in New York, The food bank of lower Fairfield County, Stamford museum and the Columbia Business School.