The Development And Growth Of Stephen Murray And CCMP

The New York based investment firm of Stephen Murray CCMP Capital Advisors is one of the largest in the world. From its founding in 2006 until spring 2015, the president and CEO was Stephen P. Murray. But the roots of CCMP and Stephen Murray stretch long into the past to a financial institution called Manufacturers Hanover. When Murray graduated from Boston College in 1984 with a bachelor’s degree in economics, he participated in the Manufacturers Hanover Corporation’s credit analyst training program. After completing his MBA from Columbia University, Murray became a part of Manufacturers Hanover Corporation’s finance unit and private equity group called MH Equity Corporation. MH Equity Corporation is an early forbearer of CCMP.

When Chemical Bank bought Manufacturers Hanover in 1991, MH Equity Corporation became Chemical Venture Partners. Chemical Venture Partners became Chase Capital Partners in 1996 when Chase and Chemical Bank merged. Another step in the development of CCMP was when JP Morgan & Company joined the Chase-Chemical Bank group in 2000. At that point, Chase Capital Partners became JP Morgan Partners. When the JPMorgan-Chase-Chemical Bank group acquired Bank One in 2005, JP Morgan Partners became the independent company CCMP. CCMP is an acronym for Chase, Chemical, and Manufacturers/Morgan Partners. The companies that gave rise to CCMP.

Stephen Murray’s growth within the company followed much the same trajectory. Each successive acquisition saw him gaining more experience and expertise in finance and private equity transactions. By the time CCMP was created, Murray had been with the parent company for 20 years and had benefitted tremendously from his years there. When it was decided that JP Morgan Partners would be spun out, it was felt he was the ideal choice. He had an in-depth understanding of the corporate culture and the knowledge and experience necessary to take CCMP to the next level.

Beside his work for JPMorgan Chase, Stephen Murray is a married father of 4, and a long-time philanthropist. He has served on the board of several leading corporations including Aramark, Generac Power Systems, AMC Entertainment, and Warner Chilcott. Murray has also on Boston College’s board of trustees and was a long time supporter of the Food Bank of Lower Fairfield County, the Make-A-Wish Foundation of Metro New York, Columbia Business School, and the Stamford Museum. He was the CEO and president of CCMP until his untimely death in the spring of 2015. He was succeeded as CCMP’s CEO by Greg Brenneman.