Steve Murray, the former president and CEO of private equity firm CCMP Capital, has passed away at the age of 52.
Murray left CCMP last month due to what the firm referred to as "health-related" reasons. He had been with CCMP and predecessor firms since 1989. At one time it was known as Chase Capital Partners, but later became known as JPMorgan Partners -- after J.P. Morgan purchased Chase. For a time, it was one of the world's largest private equity firms. The group spun out independently in 2006 and, in 2007, Murray took over as CEO, succeeding group founder Jeff Walker.
Murray's most recent board seats included Crestcom International, Infogroup Inc., Jetro JMDH Holdings, LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet and Strongwood Insurance Holdings.
“We are very saddened to learn that our friend and former partner, Steve Murray has passed away,” said Greg Brenneman, the CCMP chairman who also succeeded Murray as president and CEO. “Our deepest condolences, thoughts and prayers are with his wife and sons. We know they were his pride and joy. A founding partner of CCMP Capital, Steve was a terrific investor and deal maker who spent the majority of his career in private equity. We are grateful for his positive contributions to the success of CCMP and its predecessors.”
There is not yet any information available on funeral or memorial plans.