CCMP Capital is a private equity firm dealing with leveraged buyouts. The firm mainly invests in retail, consumer and services, industrial, media and telecom, and financial service industry. In the retail, consumer and services sector, the firm focuses on direct marketing and specialty retail. In the media and telecom investments, its focus is on consumer and trade publishing, broadcasting, content and programming, wire line and wireless communication sectors. Within the industrial sector, the firm makes investments in manufacturing and distribution.
CCMP Capital was initially formed as Chemical Venture Partners in 1984. It acquired the chase bank of Manhattan in 1996 changing its name to chase capital partners. Then there was the acquisition of JP Morgan &co that led to another change of name to JP Morgan Partners. A section of the JP Morgan left in a span out that occurred in 2005 after the acquisition of one bank. At this point, a reconsolidation of the company was done renaming it CCMP (Chemical, Chase, and JP Morgan Partners.)
Due to its visionary management team and sound economic plans, CCMP continues to earn itself high investments and significant support from its various stakeholders. The firm is currently investing and controlling some of the notable companies like AMC Entertainment, Berry Plastics, Aramark, Bill Barret Corporation, Medmack, Inc, and Pinnacle Foods.
Through CCMPs formation stages many leadership transitions have been experienced. But the most significant of all is the reign of Steve Murray. Steve served the company since 1989, all through in the affiliate firms till 2015 when he left due to health related issues. Even after his departure the firm is still fondly referred by many as Steve’s CCMP Capital. He played a crucial role in consolidation and formation of CCMP after the company’s spin-out. Steve was named the company’s CEO in 2007. Steve has led many significant achievements in the company.
During Steve Murray‘s tenure, the company rose to over $16 billion value of buyout. The company also expanded into sectors such as industrial scope, consumer retailing, healthcare systems and also the chemical and energy sector. It is during Steve’s tenure that CCMP was ranked 17th among the largest private equity firms in the world. CCMP has more than 50 employees and an extensive network of offices in London, New York, Tokyo in Japan and Hong Kong in China.
Apart from being an investor, Steve was involved in many charitable and philanthropy activities. He served the Boston College board of trustees as the Vice Chairman, founded the Make A Wish Foundation and also supported the Columbia Business School and the Stamford Museum. Steve Murray according to Fortune.com died in 2015 at the age of 52. He left behind his wife Tami Anne Monti to whom he was married for 29 years and four children.