Category Archives: Strongwood Insurance Holdings

Remembering Stephen Murray of CCMP

Steve Murray was the CEO of CCMP Capital advisors. He resigned from the company in April 2015 citing health reasons. Murray died on 12th March 2015 due to an illness at the age of 52. He worked at CCM since 1989. Some of his last board meetings included Strongwood Insurance Holdings, Ollies’s Bargain Outlet, Octagon Credit Investors, LHP Hospital Group, Jetro JMDH Holdings, Infogroup Inc. and Crestcom International.

Murray was born on 2nd August 1962 in Brooklyn, New York. He was brought up in Westchester County, New York. Mr. Murray was married to Tami Anne Murray and together they had four children. He attended Sleepy Hollow High School and was a graduate of Columbia Business School and Boston College. Stephen Murray had a Master of Science degree in Business Administration and a B.A in Economics.

Steve Murray began his career in 1984 in the credit analysis training department of Manufacturers Hanover Trust Corporation. He rose from a credit trainee to a vice president of the company. In 1991, the firm was acquired by Chemical Bank.

It was later merged with Chemical Venture Partners to form Chase Capital Partners in 1996. Murray joined JP Morgan in 2005 and became the head of the buyout department in the firm.

It was around this time that Stephen Murray founded CCMP Capital with the development team from JP Morgan Chase draw out. CCMP used to be among the largest private equity firms in the world. It specializes in growth equity investments and leveraged buyouts in the middle market. Murray succeeded Jeff Walker as the Chief executive Officer of the company in 2007. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

CCMP mainly works in the industrial, consumer, healthcare and energy sectors. Some of its numerous investments include Quiznos Corp., Cabela’s Inc., and Warner Chilcott Plc. The company invests an average of $500 million of equity in every subsequent transaction. CCMP, while still known as JPMorgan Partners, divested its business of investing in middle market deals after acquiring Warner Chilcott.

Stephen Murray is remembered as a generous man who was kind to everyone. His friends knew him as a genuine, compassionate and hardworking person. Tami Anne Murray refers to his late husband as a friend, an adoring father and a loving husband.

According to New York Times, Steve Murray was involved in numerous charitable programs such as the Food Bank of Lower Fairfield County. He was a member of the Board of Trustees at his former school, Boston College. Murray was also a Board member of the Make A wish Foundation.