Steven Murray was the CEO of CCMP Capital when he left the firm for what was described as health related reasons. Murray passed away at home according to fortune.com; he was 52. He had been with CCMP since 1989, the year he obtained his MBA. CCMP was once known as Chase Capital Partners, but later was named JP Morgan Partners. It was known as one of the largest private equity firms in the United States. In 2007 Murray became the CEO of CCMP succeeding the founder Jeff Walker.
CCMP Capital does business as a private equity investment firm, focusing on mergers and acquisitions, leveraged buyout and growth capital transactions. The company has invested $12 billion in leveraged buyout and growth capital transactions since it began operation. CCMP was ranked #17 among the world’s largest private equity funds. They employ more than 50 employees with offices in New York, London, Hong Kong and Tokyo.
Murray sat on the boards of Crestcom International, LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet, Jetro JMDH Holdings, Infogroup, Inc. and Strongwood Insurance Holdings.
Murray’s philanthropy included donations and support for the Make-A-Wish Foundation of Metro New York, his alma mater, Boston College, where he was vice-chairman of the board of trustees, the Food Bank of Lower Fairfield County, Stamford Museum and Columbia Business School.
Upon graduation from Boston College he began his early career in a training program for credit analysis at Manufacturers Hanover Corporation. In 1989 he was hired by MH Equity Corporation and remained there when in 1991 Manufacturers Hanover was purchased by Chemical Bank. Chemical Bank then merged with Chase Manhattan Corporation in 1996. In 2005 Murray was head of buyout business at JP Morgan Partners until he co-founded CCMP Capital. In 2007 Murray was named CEO of CCMP Capital.
Steve Murray, also, served on the board of directors for major companies including Aramark, Generac Power Systems, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe, Cabela’s, Pinnacle Foods, and Legacy Hospital Partners.
His untimely death will be felt by many in the financial world.