The death of Steve Murray, CEO of CCMP Capital Advisors LLC., hasn’t slowed down this global private equity firm at all. Although Mr. Murray’s death was a heavy blow to CCMP, it has caused no noticeable interruption in the firm’s business practices or investments. Shortly after his death, Greg Brenneman, CCMP’s current chairman, president, and CEO gave Murray’s family his deepest condolences for their loss. However, as the primary creative force behind CCMP, his sudden death saddened everyone.
As a native New Yorker and aspiring investor, Mr. Murray studied economics and later earned the advanced degree of Master’s of Business Administration from Columbia University Business School. In 1984, he went to work for Manufacturers Hannover as a credit trainee and in 1989, he joined its private equity and leveraged finance unit of Manufacturers which became the predecessor of CCMP Capital Advisors. Shortly after this, Manufacturers Hannover merged with and became a part of JPMorgan Chase. Because JPMorgan Chase didn’t want to be seen as playing favorites in its business practices, it totally divested itself of all interest in its private equity and leveraged buyout partner, JPMorgan Partners. Once the separation was complete, the fund was renamed CCMP Capital Advisors LLC. and after the split with JPMorgan Chase was completed, Steve Murray was named the new firm’s CEO. After Murray’s death, it was reported by the Wall Street Journal that CCMP held a successful vote of confidence which led the fund to return to business as usual. In addition, CCMP made a new edition to the companies roster with the hiring of Robert Toth, former CEO of Polypore International Inc. Mr. Toth was tapped to occupy the position of Managing Director in charge of investment opportunities.
Steve Murray CCMP Capital Investors LLC has since become a trusted global private equity firm. This has been the result of several factors, not the least of which has been its unique marketing and investment strategies which are focused on utilizing the experiences and expertise of its managing business partners. In addition, it has amassed a record of successful investments of over $16 billion in buyout and growth equity transactions since 1984. Rather than being spread all over the investment map, CCPM Capital Investors on Wall Street have focused their attention on four specific sectors which play to the firm’s strengths, consumer retail, industrial, healthcare, and chemicals / energy. In addition, they have invested in these sectors for many years over varying market and financial conditions and have developed specific and proprietary strategies that have served them well. Because of their long and positive experience in the markets, CCMP Capital has established itself in the private equity and capital market investment arena as a formidable company.