Steve Murray was born on August 2nd 1926 and died on March 12th, 2015 aged 52 years old. He married Tamy Murray and had four children. Steve Murray was a philanthropist and a private equity investor who headed the CCMP Capital as the president and chief executive officer. Stephen Murray CCMP Capital is a private firm, which specializes in the growth and buyout of the equity transactions.
Steve Murray graduated with a degree in economics from the Boston College in 1984. He earned master’s degree in business administration from the Columbia Business School 5 years later.
Murray managed to become a member of the credit analyst training program at the Manufacturers Hanover Corporation in 1984. He later joined the MH Equity Corporation which was a combination of the Manufacturers Hanover private equity group and its finance unit. However, Manufacturer Hanover was bought by Chemical Bank in 1991 which made Chemical Venture Partners and MH Equity to come together. In 1996, Chemical Bank merged with the Chase Manhattan Corporation which made Chemical Venture Partners to be Chase Capital Partners. Murray was made the head of buyout at JP Morgan Partners in 2005.
Working for CCMP and all the predecessor firms since 1989, Murray left last month in what the firm described as “Health related” issues. During his stay at the firm, CCMP developed into one of the world’s largest private equity firms. However, the group spun out in 2006 with Mr. Steve Murray taking over as the CEO from the group founder Jeff Walker.
Greg Brenneman, the current CCMP chairman who succeeded Murray as the CEO and President revealed that they were very saddened to learn on their former partner and friends ‘demise. “Deepest condolences, our prayers and thoughts are with his family. Definitely, they used to be his joy and pride” Greg Brenneman said. Steve was considered by many as a deal maker and a terrific investor who spent most of his lifetime working for the private equity. All the CCMP employees are grateful for his contributions. Stephen P. Murray was a role model to most of the young and upcoming business people who were interested in following his footsteps in the private sector.
Most recently, Murray was in the board of the Inforgroup Inc, Octagon Credit Investors, Stongwood Insurance, LHP Hospital Group, Jetro JMDH Holdings, Crestcom International and Ollie’s Bargain. He also served on the board of other major companies such as Pinnacle Foods, Warner Chilcott, Aramark, AMC Entertainment, Cabela’s, Generac Power Systems and Legacy Hospital Partners. He also supported the Make a Wish Foundation of the Food Bank of Stamford Museum, Metro of New York, Fairfield County and Columbia Business School.