Steve Murray Leaves a Lasting Legacy in Equity Markets

Steve Murray was the former President and CEO of CCMP Capital until just before his death in March 2015. CCMP Capital is a private equity firm that focuses on potential buyout situations in the market as well as investing for growth. The company focuses on the consumer, energy, industrial and healthcare sectors of the market.

Murray grew up in a suburb of Westchester County New York. He graduated from Boston College with a degree in economics, and earned his master’s degree in business administration from Columbia business school in 1989,before starting his career as a knowledgeable investor and deal-maker in the complex equity markets. Learn more about Stephen Murray CCMP:

He had been with CCMP Capital since 1989. In 1989 the firm was known as MH Equity Corporation. He joined their credit analyst training program. The firm was later purchased by Chemical Bank (read more: CCMP’s Murray dead at 52). Chemical later merged with Chase Manhattan Corporation in 1996. Murray became the head of buyout business at JP Morgan after they merged with Chase, in 2005.

The unit outbid Blackstone Group, KKR Co. and TBC Capital and purchased drug maker Warner Chilcott. Henry Kravis, of KKR was so upset by the buyout, he threatened to stop doing business with J.P. Morgan. J.P. Morgan shortly afterwards to vested itself of the unit. Murray helped co-found CCMP Capital which was a spin out of the division. In 2007 he was named CEO and president of CCMP. Learn more about Stephen Murray CCMP:

In addition to his work as an equity and take out over expert, he served on the boards of Aramark, General Power Systems, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe, Cabela’s, Pinnacle Foods, Strongwood Insurance Holdings, Crestcom International and Legacy Hospital Partners. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M

Stephen Murray was involved in many charitable organizations as well. He was involved with the Make-A-Wish foundation in New York. He supported Boston College, the Stamford Museum and Columbia business School. He also supported the Food Bank of Lower Fairfield County in New York. Steve Murray was married to wife Tami. They have four sons.

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