After a long time of services as a private equity executive, the businessman, entrepreneur and philanthropist Stephen Murray passed away at the age of 52 on 12 March 2015. Until his death, Steve Murray, served as the president and CEO of private equity firm CCMP Capital, and only left the firm’s active management role a month before due to health issues.
Stephen Murray CCMP Capital can be easily named as the longest serving member for he started out with it in its predecessor firms from 1989. When Stephen Murray joined the firm it was known as Chase Capital Partners, it then became JPMorgan Partners after it was purchased by the succeeding company. In Stephen Murray’s hands, CCMP Capital became one of the world’s largest private equity firms, and it was ranked number 17 on this list. This was after CCMP Capital started its independent operations 2006 and Stephen Murray taking control as its chief executive officer in 2007.
In his lifetime Stephen Murray was not only a figure of success but also a role model. He was included in management boards of different organizations such as Crestcom International, Infogroup Inc., Jetro JMDH Holdings, LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet and Strongwood Insurance Holdings due to his unique and successful personality. He also worked with different charities and philanthropic organizations to give donations to the needy. Stephen Murray was a generous man who always looked forward to helping other people through his support of Make-A-Wish Foundation of Metro New York, Boston College, the Food Bank of Lower Fairfield County, Stamford Museum and Columbia Business School. Due to the major role he played at Boston College through his contributions, he was made vice-chairman of the board of trustees. He was also appointed a member of the chairman’s council of the Make a Wish Foundation of Metro New York for the same reason.
After the news of Stephen Murray’s sudden demise emerged, Greg Brenneman, the CCMP chairman and the current president and CEO, said that they were deeply saddened by the news of not only their boss but also their friend passing away. He shared his heartfelt condolences, thoughts and prayers are with his wife and sons, whom he said the CCMP Capital community will stand with them in this time of grief.
As the founding partner of CCMP Capital, Steve Murray spend most of his time trying to make the organization better. Stephen Murray was a good investor and dealmaker whom without, CCMP would not be where it is now in the private equity industry. His colleagues and workmates are thankful for his unquantifiable contributions to the success of CCMP and the positive attitude he instilled in them as a friend.