The sudden death of CCMP Capital CEO Stephen Murray has left the company reeling. The 52-year-old executive died yesterday after a short illness. Murray had stepped away from his duties two months ago for an undisclosed “medical condition.” Chairman Greg Brenneman took over his duties while he was away – Learn more about Stephen Murray CCMP Capital: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/ and http://www.ccmpcapital.com/Team.
Murray was highly-regarded in the financial banking industry. His colleagues called his one of the smartest guys they knew. “He had a real head for business and investing,” said Brenneman. “We relied on his guidance, support and expertise. Our hearts go out to his wife and children.”
Stephen Murray had over 30 years of experience at CCMP. His specialty was buyouts and growth equity. After graduating from Boston College with an economics degree, Murray joined Manufacturers Hanover Corporation. He started out as a credit analyst but quickly worked up through the ranks.
“He was a real asset to the company. Everyone marveled at how quick he learned the business,” said a former colleague. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund
While at Manufacturers Hanover Corporation, he went back to school and received an MBA from Columbia Business School. After the merger with Chase Manhattan Corporation and Chemical Venture Partners, a buyout resulted in CCMP Capital. Murray is credited with having sewn up the deal so quickly.
Murray helped build CCMP into a powerhouse private equity firm. Not only were they competitive, they were on par with larger and more funded firms. In 2006, CCMP raised a record $3.6 billion through leveraged buyouts.
The Make-A-Wish Foundation was something near and dear to Murray’s heart. He also supported the Food Bank of Lower Fairfield County and Stamford Museum. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M
Murray is survived by his wife of 20 years, Tammi, and four sons.