While Stephen Murray was not well-known outside the private equity banking industry he was considered one of the brightest private equity investors in the world. Steve Murray was an outstanding investor and well-known for his ability to close the deal. He spent most of his career in private equity but that does not begin to tell the story of Steve Murray. Read more: Former CCMP CEO Stephen Murray Dies at 52
Steve Murray was born in Brooklyn New York in 1962 and raised in North Tarrytown New York. Steve graduated from Boston College in 1984 with a degree in economics. He later received his Master’s degree in business administration from the world-famous Columbia business school and eventually settled himself and his family in Stamford, CT.
His financial career began with Manufactures Hannover, entering their credit analyst training program. Through a series of purchases and mergers over the next few years Steve Murray became head of buyout businesses division at JP Morgan Partners. Shortly thereafter Steve Murray cofounded CCMP Capital an offshoot of JP Morgan Chase and continued as head of its buyout and growth equity group. He was later named CEO of CCMP Capital which went on to become one of the largest private equity investment firms in the world.
During his career, Steve Murray also served on the board of several major companies which included such well-known companies as AMC Entertainment, a multi-billion dollar theater company that holds the second-largest share of the American theater market. AMC Entertainment is a good example of the type of companies Steve Murray worked with. Other well-known companies, that we are sure you will recognize, include Cabela’s, Pinnacle Foods and the Vitamin Shoppe.
Stephen Murray was also a philanthropist. Throughout his career, he supported Make-A-Wish Foundation of New York, the Boston College Food Bank of Lower Fairfield County and Stamford Museum. Steve served as chairman of the Make a Wish Foundation for Metropolitan New York and was vice chairman of the board of trustees for Boston College.
Unfortunately, Stephen Murray passed away at a very young age shortly after resigning from CCMP Capital for health reasons. Stephen Murray passed away in the Spring of 2015 at the age of 52. Although his life was cut way too short he will long be remembered for his financial brilliance and outstanding service to the community. He is survived by his wife Tami and their four children.