CCMP Founder Stephen P. Murray Passes Away at 52

Stephen P. Murray, the former President and CEO of CCMP, a global private equity firm, recently past away in March at the age of 52. Murray was a graduate of Boston College and a 1984 MBA graduate of Columbia University’s business school. He began his career at Manufacturers Hanover Corporation as a credit analyst and joined Chemical Bank’s equity division when it was acquired in 1991.

Stephen Murray later joined Chase Capital when Chemical acquired Chase Bank in 1996. After the JPMorgan-Chase Merger, he became the head of the Buy-outs division at new combined financial institution, later becoming President and CEO of CCMP when it was spun-off into a separate firm.

The name CCMP refers to its predecessor companies: Chemical Bank, Chase, and Manufacturers Hanover.  Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund

CCMP has invested $16 billion in buyouts and growth equity, and concentrates its investments in four key areas: Consumer/Retail, Industry, Healthcare, and Chemical/Energy. Among the companies in CCMP’s portfolio are Armark, Quiznos, M&H Plastics, and Warner Chilcott. The firm has approximately fifty employees in New York, London, Hong Kong, and Tokyo.  Learn more about Stephen Murray CCMP Capital:
Murray left CCMP in February due to his failing health. As a leader of the financial community, he served on the boards of many companies over the course of his career, including Crestcom International, Aramark, LHP Hospital Group, Octagon Credit Investors, and Ollie’s Bargain Outlet In addition his work in the boardroom, he was also an active philanthropist, avidly supporting both of his alma maters in Boston and New York.

He was also a supporter of the Make-a-Wish Foundation of Metro New York, where he served on the board of directors. Moreover, he was a supporter of the Stamford Museum of Stamford, Connecticut and the Food Bank of Lower Fairfield County. Murray was a firm believer in social responsibility on the part of the business community.