Stephen Murray Former President and CEO of CCMP Capital Sorely Missed
Stephen P. Murray grew up in North Tarrytown, NY. He graduates from Sleepy Hollow High School, and later Boston College with a degree in Economics. Later he started the credit analyst training program at Manufacturers Hanover. He earned his Master’s Degree in Business Administration at Columbia. He worked his way up to Vice President of middle market lending. In 1989, Stephen Murray joined Manufacturers private equity and leveraged buyout unit. After several mergers, Manufactures Hanover was bought out by JP Morgan.
In 2005, Stephen Murray became head of JP Morgan’s buyout division. JP Morgan Partners, which later became CCMP, invested primarily in middle-market buyout deals. The division outbid Blackstone Group, KKR & Co, and TPG Capital for drug maker Warner Chilcott. This angered Henry Kravis, the co-founder of KKR, who was a client of JP Morgan. JP Morgan did not want to look like they were favoring their in-house unit so the buyout division was spun-off to become CCMP. As one of the founding partners of CCMP, Steve used his investing and deal making expertise to make the company a success. Those who worked with him credit him with making the company a known player in the industry.
Stephen served as President and Chief Executive Officer of CCMP Capital Advisors, until his resignation, for health reason in February, 2015. Sadly, Stephen Murray passed away, March 12, 2015, at the age of 52. He leaves behind his wife Tami, and four sons. He and Tami raised their sons in Stamford, CT. Stephen was active in several charities, including serving as Vice President of the Board of Trustees at Boston College. He served on the board of the Make-a-Wish Foundation in New York. He helped support the Food Bank of Lower Fairfield County.
Those who knew him say he was a kind and generous man, well-known throughout his community as a compassion and caring person. He was proud of how his sons grew up and their many accomplishments.