The late CEO of CCMP Advisors is remembered as a great colleague, family man and philanthropist. Stephen Murray, 52, died on Tuesday, according to the Wall Street Journal. The cause of death was not reported. Murray had taken a 2 month leave of absence for unspecified medical reasons.
“We are shocked and saddened by the passing of Steve Murray,” said interim CEO Greg Brennemann. “He was a tremendous asset to the company and will be sorely missed. Our condolences to his family.” Read more: CCMP Capital Resumes Business After Death of Stephen Murray and CCMP’s Murray dead at 52
He is credited with building the company into a private equity powerhouse. CCMP is one of the largest private equity companies in the world. Some of the portfolios acquired under Murray’s leadership include 1-800-Flowers, AMC Theater, Quiznos and Pinnacle Foods. Murry is also known for helping CCMP successfully outbid Blackstone Group LP and KKR & Company to get Warner Chilcott.
Now that Stephen Murray has passed on, reports are that investors hold the company’s fate. He was a key player in the majority of their major transactions. Without his guidance, many issues are up in the air. There is no word on how the company plans to proceed.
Stephen Murray graduated from Boston College and Columbia Business School. Not long after graduation, he successfully completed Manufacturers Hanover Corporation’s credit analyst training program.
Over the years, the company went through a number of buyouts and acquisitions. After the company was acquired by JP Morgan, Murray became head of the company’s buyout business.
Murray was a big believer in giving back to the community. He supports many organizations including the Make-A-Wish Foundation. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/ and http://culturebytes.org/the-exponential-growth-of-ccmp-capital-under-stephen-murrays-leadership/
Murray is survived by is wife, Tammy, and two children. No information has been released regarding funeral plans.