Stephen Murray was a successful business executive and investor, who died at the age of 52 on March 12, 2015. Murray reached high levels of success in his business career. Up until a month before his death, Murray served as the president and chief executive officer (CEO) of CCMP Capital, a private equity firm which he co-founded in 2006.
The company was a spin-off of JP Morgan Chase, and was created out of a need to avoid possible conflicts with clients of JP Morgan Chase bank. The company became very successful, raising $3.6 billion in 2014. The firm works primarily in the consumer, industrial, health care, and energy sectors, and typically invests $100 million to $500 million of equity per transaction. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees
The firm’s specialty is in middle-market leveraged buyouts and growth-equity investments. Murray is cited as playing a major role in the success and growth of CCMP since its inception.
Stephen Murray had been with the predecessor firm to CCMP since 1989 as it went through various ownership changes. Eventually Stephen Murray became the CEO as it became its own stand-alone firm. Murray resigned as CEO of CCMP only a month before his death, due to unspecified health-related reasons.
In addition to his success in business and investment, Murray was an avid philanthropist. He was a supporter of many institutions, including the Make-A-Wish Foundation of Metro New York, the Food Bank of Lower Fairfield County, and the Stamford Museum. He also supported educational institutions including Boston College and the Columbia Business School.
Murray also served as a board member for various companies, including Aramark, The Vitamin Shoppe, AMC Entertainment, Crestcom International, Infogroup Inc., and others.
Murray was raised in Westchester, New York, a suburb of New York City. He received his undergraduate degree in economics from Boston College and a Master of Business Administration from Columbia University. Murray was married and was survived by his wife and four sons.