Formerly known as JP Morgan Partners, CCMP Capital is an equity investment firm. The company separated from JP Morgan in 2006 and since then have invested around $12 billion in leveraged buyouts and growth capital. Their first year in the market, the company was ranked #17 in a list of the world’s largest private equity firms.
CCMP has offices in New York, Hong Kong, Tokyo, and London with over 50 employees. The company works with some very large names in the industry, including investors like 1-800-Flowers, Quiznos Subs, and Pinnacle Foods.
CCMP was co-founded by Stephen Murray, who also served as CEO.Steve Murray graduated from Boston College in 1984 with an economics degree followed by a masters degree in business administration from Columbia Business School in 1989. He worked for companies like Chemical Bank, Chemical Venture Partners, Chase Manhattan Corporation, and JP Morgan before branching out on his own and founding CCMP.
Murray served on boards of major companies like Aramark, AMC Entertainment, Cabela’s and more. During his life he was also a generous supporter of the Make-A-Wish Foundation, the Food Bank of Lower Fairfield County, Stamford Museum, and Columbia Business School. Sadly, Murray passed away according to fortune.com in March of 2015 at the age of 52. His departure and death left CCMP in the air shortly as he was listed as a key-man for a major fund, but the company has been able to use a rolling reinstatement process and continue investing. The firm relied on then chairman Greg Brenneman, who stepped up and became the CEO and President to fill Murray’s shoes, as a leader for the firm.
Nearly one year after Steve Murray’s departure the company is back on track and has resumed all their business activities. The company has also welcomed Robert Toth, the former CEO and President of Polypore International, to their team as the Managing Director. He will be creating new opportunities for investments as well as working with current customers in making new plans for growth.
While rebounding from the passing of Murray has not been an easy task for the company, they seem to have come out the other side with not only new team players, but new plans for business and growth. The company was built with lots of help from Murray and his loss was felt like a shockwave throughout the company on both a personal and business level, but the rebound has begun and the company is on track to improve their standing even more for the following year.