Stephen Murray’s Unforgettable Legacy

It was with a heavy heart that CCMP Capital announced the passing of Stephen Murray. Stephen was with the company for 16 years and made the company what it is today. Stephen was a great man who sat on the boards of great companies such as Aramark and Warner Chilcott. Stephen was the president and CEO of CCMP Capital before leaving the company. CCMP Capital is one of New York’s most renowned private equity firms. It took the firm only five months to raise $3.6 billion for its latest fund. Murray was one of the listed executive handling that fund.

Murray was one of the most legendary financiers the industry had ever seen. He didn’t raise the most money in history or anything like that, but he was one of the most versatile and knowledge man to ever work in the financial industry. Although he spent much of his career working with CCMP, he earned some experience working with other companies as well. He had been with CCMP since 1999 and had planned to stay with them until he retired. Along with his ties to CCMP Capital, he sat on the boards of many other companies. He held seats at Crestcom International, Infogroup Inc., LHP Hospital Group, Ollie’s Bargain Outlet, Strongwood Insurance Holdings, and Octagon Credit Investors. So it was quite the mystery why such a capable man would sudden withdraw from the company. By the time CCMP had taken his photo off their website, it was announced that he leaving because of health-related issues.

Read more: Ex-CCMP Capital CEO Steve Murray passes away

A month later, it was announced that Stephen Murray, age 52, passed away. He had worked in the financial industry since 1989. In his early years, Stephen worked with Chase Capital Partners. He continued to stay a part of the company after it was bought out by J.P. Morgan on He was there as the company reigned as one of the largest private equity firms in the world. Eventually, the firm spun out and Murray succeeded Jeff Walker as CEO.

It was later announced that Greg Brenneman would succeed Murray as President and CEO. Brenneman released a statement on behave of the firm and its employees concerning their grief over the loss of Stephen Murray. He wanted to offer the Murray family his deepest condolences, and for them to know that many hearts and prayers are with them.

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Why Stephen Murray’s Experience in the Financial Services Industry Will Be Missed

Stephen Murray managed to build himself into one of the most recognizable executives in the industry during his run at CCMP Capital, as one of the company’s founders and Chief Executive Officers he lead the company with high success. It was a surprise to everyone and the blow could be felt by all of his friends and colleagues when he passed away.

Stephen Murray started young with his interest in finances and his desire for reaching success. This is what encouraged him to go into finances and study at the Boston College to earn his bachelor’s in economics and finance in 1984.

Stephen also managed to earn his Masters in Business Administration from the Columbia Business School by 1989. By then he had already started his career 5 years earlier at the Manufacturers Hanover Corporation on Crunchbase. Due to his impressive work ethic and talents, he was able to work his way up to Vice President of MH rather quickly.

Over the years, the company went through many periods of restructuring and merging on Stephen endured throughout the transitions of the company for more than a decade, always holding a position due to his abilities. All the time the company was merging divisions, being picked up by the equity corporation, being acquired by Chemical Bank, followed by Chase, followed by JP Morgan. All throughout this time Stephen was biding his time and working his way up the ranks of the ladder. He made many contributions to the overall success of the company throughout its transitions as well.

By 2005, Stephen Murray finally found himself as the head of buyouts at the bank JP Morgan Partners on It only lasted a year before the idea for a spin off was in the works. This ended up leading to the founding of CCMP Capital by Stephen and some others, which he also took up the position of CEO.

It was the strategies laid down by Stephen Murray that allowed the company to overcome the market shifts as well as see the company rise to even greater levels of success and become a leading provider of financial services. 

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Stephen Murray of CCMP Capital was a True Professional

It was sad news for many that Stephen (Steve) P. Murray passed away recently after battling long time ill health. His role at CCMP Capital was president and chief executive officer. Steve was 52 at the time of his passing. He was born in August, 1962, reportedly being raised in Westchester County, New York, and losing his battle with his illness in March, 2015.

Professional leverage for transactions that focuses on growth capital and buyout. When Stephen passed on as their president and CEO, he was with the company for than two decades. His role provided him to engage as a private equity investor. Due to his declining health, Mr. Murray stepped down from his vital role as CEO about a month prior to his death.

Stephen Murray graduated with a degree in economics in 1984 from Boston College and went to the Columbia Business School, earning his business administration degree in 1989. With his goals aimed at success, Mr. Murray joined the JP Morgan Partners within the same year.

He had remained with them until it became what is now known as CCMP Capital after the partnership separated from JP Morgan Chase. Before joining JP Morgan, Steve was the vice president of Manufacturers Hanover in the Middle-Market Lending Division.

With his professional stature, Stephen Murray was director for several various companies like Noble Environment Power, Quiznos Subs, Caremore Medical Enterprise, AMC Entertainment Inc., Jetro Holdings, Warner Chilcott Limited, Aramark Corporation, Strongwood Insurance and Generac Power Systems. This prestigious and professional man was quite the asset not only in his private but also his business life. He was extremely driven and made a success out of his life, cut down much too soon. Read more: Stephen Murray, Ex-CCMP Chief Who Built LBO Firm, Dies at 52

Chairman Greg Brenneman took over in Stephen’s capacity after his unfortunate passing. His colleagues were extremely distraught about the passing of this great man, expressing deep condolences to his wife Tami and their four children, residing in Stamford, Connecticut. Mr. Murray’s family brought him great pride. Mr. Brenneman and Mr. Murray were good friends and partners at CCMP Capital.

Stephen Murray had a goal for success in the business world and proved his achievements by leading the company into a multi-billion dollar firm. He worked hard throughout his life, climbing the ladder of success to meet the goals he set for himself as a young man and for his family.