CCMP is a global private equity firm. They’ve invested over 16 billion dollars in buyout growth equity. The company was founded in 1984. They target the retail, industrial, chemical and health sectors. CCMP is named after firms that were part of a merger. The firm has strong ties to J.P. Morgan. The company’s headquarters can be found in New York City. The company focuses on leveraged buyout and growth capital transactions. Leveraged buyouts use collateral to take out large loans. Growth capital transactions are done to generate growth for the company. This is why CCMP works in four separate sectors of the economy. They typically branch out to areas that will generate income and growth for the company.
CCMP was originally founded as an extension of Chemical Bank. CCMP ended up outliving Chemical Bank. Chemical Bank eventually disappeared because of CCMP’s merger in 1996. Chemical Bank ended up combining its financial capital with Chase. The business retained the Chase name because it was better known internationally.
CCMP has manages a diverse portfolio of different investments. It owns stock in 1-800-Flowers, Wall Street, AMC Entertainment, Quizno’s Subs and Vetco. The company seems to prefer strategic investments that will generate long term capital for the firm. The company’s consumer retail sector has held shares in some companies for over 30 years. Investments in this sector include Aramark, InfoGroup, Jetro and PureGym. Thomas Walker and Richard Zannino watch over CCMP’s investment efforts in this sector. CCMP also has a lot of investments in the industrial sector. The company invests in Edwards, Generac and Milacron. This sector’s investments are managed by Timothy Walsh.
The firm’s healthcare investments are managed by Kevin O’Brien and Jonathan Lynch. They actively invest in LHP Hospital Group and Medpace. The company is currently looking to expand its hand in the healthcare sector because of changes in United States insurance laws. CCMP has also invested 2.6 billion dollars in the energy industry. Their investments in this sector include oilfield services and chemical production.
CCMP was managed by Stephen P. Murray until 2015. He passed away in March. He initially left the company a month earlier because of health complications. Murray graduated from Boston College in 1984. He went on to become a credit analyst in 1984. He found employment at MH Equity. MH Equity eventually turned into Chemical Bank because of a merger. Murray has also been a chairman for several major companies that are tied to CCMP. These include Aramark, The Vitamin Shoppe, Cabela’s and Pinnacle Foods.
The company has survived for a long time because it manages a diverse portfolio of investments. The company has seen stable levels of growth for the past nine years.