Stephen P. Murray (Steve Murray) was born on August 2, 1962. Murray was brought up in a New York City suburb, Westchester County. He was married to Tami Murray and together they had four sons.
They resided in Stamford. Education Stephen Murray went to Boston College where he graduated with a degree in economics in 1984. He attained a master’s degree in business administration from Columbia Business School in 1989. Career In 1984, Steve Murray was employed as a credit trainee at Hanover Trust Co., a manufacturing firm based in New York.
He later joined a leveraged finance unit and a private equity of the manufacturers Hanover. Manufacturer Hanover was bought by Chemical bank, and MH Equity amalgamated with the Chemical Ventures Partners. Later on, Chemical Bank merged with Chase Manhattan Corporation. This amalgamation changed Chemical Ventures Partners to Chase Capital Partners. After the three amalgamations, Manufacture Hanover ended up being a part of JP Morgan. Learn more about Stephen Murray CCMP: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
In 2005, Stephen Murray became the chair of the bank’s buyout business. Murray co-founded a spinout of JP Morgan, CCMP Capital, which contained the takeover and growth equity crew. CCMP spun out from JPMorgan Chase to avoid conflict of interest with the bank’s clients. CCMP specialize growth capital investments and middle-market leveraged buyouts. Murray became the CEO of CCMP.
Philanthropy Steve Murray served on the board of various major firms such as Warner Chilcott, Cabela’s, Legacy Hospital Partners, Aramark, AMC Entertainment, The Vitamin Shoppe, and Generac Power Systems.
As a philanthropist, Murray supported the Boston College, Stamford Museum; Make a Wish Foundation, the Food Bank in Lower Fairfield County, and the Columbia Business School. He was the vice moderator of the board at Boston College and a member of the council at Make a Wish Foundation. Learn more about Stephen Murray CCMP: http://culturebytes.org/the-exponential-growth-of-ccmp-capital-under-stephen-murrays-leadership/
Stephen Murray died on March 12, 2015, at the age of 52 years. He had resigned a month earlier from his duties as the CEO due to health issues. The chairperson, Greg Brenneman took over his duties. In his condolence to the bereaved family of Murray, Greg pointed out that the source of Murray’s joy and pride was his family.
Steve was an aggressive investor and a deal maker who spent his career in private ventures. He played a key role in CCMP Capital and its predecessors. He was in the firm when there were major changes in ownership until it finally became a sole proprietorship.