Stephen Murray, founder of CCMP Capital, passed away at the early age of 52. He was raised in Westchester County, New York. He climbed the educational ladder at Boston College where he earned his Bachelor of Arts Degree on wikipedia.org. He also earned a Master Degree in Business Administration at Columbia University in New York. He eventually settled down with his wife and four sons in Stamford, Connecticut.\
In 1984, Murray was hired on as a credit trainee at the New York based Hanover Trust Company. Stephen Murray CCMP Capital then continued to prosper as an invest and made it to have to the title of Vice President by the late 1980s. In 1989, the newly found Vice President joined a private equity and leverage finance unit, which helped strengthen the combination of the two companies. By 2000, JPMorgan and Hanover Trust Company were a part of each other. With all of this work, he was considered a founding partner of the CCMP, which as a spin off of JPMorgan at the time.
The companies prospered very quickly together. With the specialized training the Stephen Murray acquired over the years, the middle market leverage buyouts and growth equity investments grossed over $3.6 billion in one year alone. At the end of 2010, the merger between the two companies became strained due to some complications with the two companies. The banks divested from the companies after being outbid by Blackstone Group LP, KKR and Company, and TRG Capital for a Dublin-based drug maker named Warner Chilcott. This in turn enraged Henry Kravis, the KKR co-founder, who stated to the bank to not compete with the “King of Capital.”
As one of the founders of CCMP, Stephen Murray found it best to sever all ties with JPMorgan as of 2014. He didn’t want his company to be perceived as “favored” to JPMorgan since they were an in-house company and believed that both companies would be better off separated.
Stephen Murray resigned from his Chief Executive chair in February of 2015 due to health reasons. According to many of his colleagues, he was a terrific investor and deal maker.