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Rest in Peace to Shrewd Businessman and Leader, Steve Murray

Stephen Murray passed on in March 2015 at the age of 52. He was best known as the CEO of the private equity firm, CCMP capital as well as a philanthorpist. He had taken a leave of absence from his position at CCMP during the last month for what he described only as health-related reasons.

He grew up in the Weschester County area of New York. In 1984, when he graduated from Boston College with his degree in economics, he became a credit analyst training with Manufacturers Hanover (MH) Corperation. When he earned his MBA from Columbia Business School in 1989, he joined MH’s Equity Corporation and became their vice president of middle market lending.

Until he joined JP Morgan Partners in 2005, Murray saw many merges and buyouts with MH. First, it was bought out by Chemical Bank in 1991, which led to its merging with Chemical Venture Partners. Then Chemical Bank integrated Chase Manhattan Corporation of Chase Bank in 1996, which then became Chase Capital Partners.

In August 2006, Stephen Murray co-founded CCMP Capital as a spinout of JP Morgan Chase and was named its CEO by the next year after. He also served on the board of many major retail and entertainment companies including AMC Entertainment, The Vitamine Shoppe and Cabela’s.

He also supported the Make-A-Wish Foundation and Stamford Museum in Great Britain. His most recent board positions had included Octagon Credit Investors, Strongwood Insurance Holdings and LHP Hospital Group.

Stephen Murray CCMP Capital is a private equity firm. It is mainly known for its growth capital and leveraged buyout. Both of those things combined are now worth approximately $12 million. There are now office locations in Tokyo, Hong Kong and London as well as their headquarters location in New York. Greg Brenneman has taken over as CEO since Murray’s passing.

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