The Professional Legacy of Stephen P. Murray
The Stephen Murray CCMP Capital firm and its CEO ranked in 2007 as the 17th largest private equity firm in the world and had total assets exceeding $12 billion according to Bloomberg. He resigned from CCMP in February 2015 for health reasons, leaving Greg Brenneman as chairman, president, and CEO of the firm.
Murray was born in Westchester, New York on August 2, 1962 and graduated with a degree in economics from Boston College in 1984. Also in 1984 he entered a credit analyst training program at Manufacturers Hanover. In 1989, the same year that he earned a master’s degree in business administration from Colombia Business School, he joined MH Equity Corporation, which was a combination of Manufacturer Hanover’s private equity group and it’s leveraged finance operation. When Chemical Bank purchased Manufacturer Hanover in 1991, MH Equity merged with Chemical Venture Partners. Chemical Venture Partners became Chase Capital Partners in 1996 when Chemical Bank merged with Chase Manhattan Corporation. Murray was named head of buyout business at JP Morgan Partners in 2005 and co-founded CCMP in 2006. He served as CEO of CCMP from 2007, helping the firm establish a new identity with investors, until he resigned in February 2015.
Murray was described as a skilled deal maker and an aggressive investor but he was also involved in many philanthropic efforts. He was a member of the chairman’s council of the Make-A-Wish Foundation of Metro New York and the vice chairman of the board of trustees for Boston College. He also supported the Food Bank of Lower Fairfield County, Colombia Business School, and Stamford Museum.
He was a board member of several highly successful companies such as sporting giant Cabela’s, Legacy Hospital Partners, drug company Warner Chilcott, concessions operator Aramark, Generac Power Systems, AMC Entertainment, The Vitamin Shoppe chain, and Pinnacle Foods.