On Big Companies – CCMP Capital

Stephen Murray CCMP Capital is a private equity invested company that focuses on growth capital transactions and leveraged buyout. It is divided into specific sectors.

The Consumer sector, under the lead of Thomas Walker and Richard Zammin, specifies in mass channel supply, multi-channel marketing, and specialty retailing. The Industrial sector is under the leadership of Timothy Walsh. The Healthcare sector is in charge of allocation of medical products and its provision through managed care organizations. The Energy sector is under the leadership of Christopher Behrens, and it focuses on providing power and midstream services.

The company has been known by several names throughout its existence.

First founded as Chemical Venture partners in 1984, it started growing rapidly. In its first years, it served as the venture capital arm of Chemical Bank. In 1996, after the acquisition of Chase Manhattan bank, the firm changed its name for the first time, incorporating the name of the bank with its own, thus becoming known as Chase Capital Partners. Later, in the year of 2000, after another acquisition of J.P. Morgan & Co., the group changed the name again, now to JP Morgan Partners.

Following the acquisition of Bank One, JP Morgan Partners announced their spinout from JP Morgan Chase. This new firm adopted CCMP acronym in reference to all predecessors. (Chemical, Chase, and JP Morgan).

The firm continued to grow and be one of the most successful businesses, with over $12 billion in leveraged buyout and growth capital transactions since its founding.

A lot of this success is due to one man – Stephen P. Murray.

He was born on August 2, 1962, in Brooklyn, New York City, and raised in North Tarrytown. After completing his high school education in Sleepy Hollow High School, he left for Boston, where he graduated with a degree in Economics in 1984. One of the things that helped him along the way is entering the credit analyst training program at manufactures Hannover. In 1989, he earned a Master’s degree in Business Administration at Columbia Business School. He married his college sweetheart Tami Anne Morti and had four sons, Ryan, Sean, James, and Nolan. He was in charge of his firm, CCMP Capital, since its founding and followed it through its many changes, developments, and growths.

Murray was also a great philanthropist. He supported the Make-A-Wish Foundation of Metro New York, Stamford Museum, the Food Bank of Lower Fairfield County, Columbia Business School, and Boston College. He was Vice Chairman of the Board of Trustees at Boston College. He is best known for his membership on the Chairman’s Council of the Make-A-Wish Foundation of Metro New York.

Unfortunately, his health began to fail, and his condition became serious in February this year. He passed away in his home in Stamford, on March 12, at the early age of 52.