Stephen Murray was a well-known and respected investment banker for CCMP Capital, a New York private equity firm whose portfolio he helped build. CCMP manages wealth and facilitates mergers and acquisitions for various companies, most notably leveraged buyouts.
They have also financed startup companies and helped take private companies public, while also diversifying estates of founder-owned businesses. Some of their subsidiary companies include Jamieson Laboratories, Ollie’s Bargain Outlet, Cabela’s, Pure Gym, and Quizno’s Subs. CCMP’s funds had seen significant growth over the 10 years it had operated as its own entity, it’s latest investor fund total being $3.6 billion in 2014.
Murray first got into investment banking back in 1984 after completing his undergrad at Boston College, and joining Chemical Bank, a major Manhattan bank that would merge several times with Manufacturers Hanover, Chase, and eventually JP Morgan.
When it came to making deals and winning investors, Stephen Murray was a natural at that and was able to grow the client base pretty quickly at Chemical Bank. Murray’s expertise in buyouts propelled Chemical Bank’s buyout division to success, and it operated for nearly 20 years under the control of Chase and then JP Morgan up until 2006 when the acquisition of a pharmaceutical company caused concern for some of JP Moran’s clients, so the buyout division severed ties with JP Morgan and became CCMP Capital.
Stephen Murray CCMP Capital continued to raise funds and complete buyouts as CCMP’s president and CEO, and the firm saw even more success running as its own entity. In early 2015 however, Murray decided to resign from the company, citing health concerns as the primary reason.
About a month later, he passed away leaving behind a great legacy of successful entrepreneurship over the last 30 years. Greg Brenneman stepped in as the new CEO and in his words, Murray was a “friend” and “terrific investor”. Murray not only had been a successful businessman, but had also supported charities such as the Make-A-Wish Foundation and Fairfield County’s food bank.
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