After citing health reasons, Stephen Murray of CCMP Capital Advisors resigned from his position as President and chief executive officer just a month before his passing at age 52.
Though details on the matter have been largely hard to come by, the firm’s spokeswoman Alexandra LaManna did confirm Steve Murray died on March 12th. The current president and CEO, Greg Brenneman released a statement conveying that his partners and colleagues were grieving the loss of their dear friend.
“Our condolences, thoughts and prayers are with his wife and sons. We know they were his pride and joy,” Brenneman said. He went on to say, “We are grateful for his positive contributions to the success of CCMP and its predecessors.”
Stephen Murray was with CCMP from the very beginning since long before their most recent incarnation.
As they were previously JPMorgan Partners and prior to that another evolution, he has managed to assist in their development to the successful investment firm that we know so well today. Joining the merchant bank back in 1989, Murray contributed tremendously to the success of CCMP’s private equity business.
Typically investing with larger and better known PE firms, CCMP acquires minority stakes in a variety of companies with investments ranging from $100 million to $500 million in equity per transaction. Stephen Murray’s fiscal genius helped launch their firm with hugely lucrative investments such as Quiznos and Cabela’s. Learn more about Steve Murray: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
According to Fortune, Steve Murray gained his CEO title back in 2007 when he established a shiny new identity with investors through specializations in the health care, energy, consumer and industrial sectors. While things were trying initially due to the split between the two firms in the first incarnations, they ultimately found that the separation of the companies made them stronger than they had been combined.
While Steve Murray does leave behind a lasting legacy that will undoubtedly endure the ages among his many peers and colleagues as an investing master, he is more importantly survived by his loving wife Tami A. Murray and their four sons in Stamford, Connecticut.