CCMP Capital Advisors announced on October 27th, 2015 the acquisition closing of Shoes For Crews, an international footwear company. CCMP acquired controlling interest of the company and in December 2015, named Stuart Jenkins as the President, Chief Innovative Officer and Chief Executive Officer. The firm’s investment management portfolios continue to expand after the death of former CEO, Stephen Murray. While Mr. Murray was actively involved, the hedge fund management firm acquired companies, including Newark Energy, Pure Gym, and Aramark, to name a few. Founders of CCMP, including the former CEO have invested more than $15 billion in transactions to buyout companies with potential growth.
According to Bloomberg News, Stuart Jenkins officially became the president, CEO, and CIO of Shoes For Crews on January 25th, 2016. He was also nominated and accepted the position as a member of the company’s board of directors. Jenkins enters the company with experience in production and manufacturing processes of footwear; development of new materials; licensing of technologies; and acquisition branding. His experience was obtained working for Deckers Outdoor Corporation, Skydex Technologies, Energy Shoe Company, and IMG Technologies & Sports Marketing Services. Shoes For Crews is located in Palm Beach, Florida, where Jenkins will oversee operations and assist with growth accomplishments.
With nearly 29 years of experience working with known companies, Stuart Jenkins possesses 12 patents for inventing new technologies. He is the perfect fit for the positions presently held for Stephen Murray CCMP Capital Advisors, L.P. His knowledge in the footwear industry allows him to fulfill the mission of the firm to assist with the company’s growth. Shoes For Crews has the opportunity to continue contributing to economic growth pertaining to jobs in communities around the world. If it wasn’t for pioneers of investment management firms, many companies wouldn’t have a chance of survival without the financial support of CCMP and co-founders.
Death of Stephen Murray made it to the NY Post news, memories of him will forever live in the hearts of entrepreneurs, investment managers, and most of all, his family members. His life will always be celebrated for creating one of the most recognized investment firms in the nation. Mr. Murray is forever living in the hearts of his wife, Mrs. Tami Murray and children, James, Nolan, Ryan, and Sean. He is greatly missed by the investment managers of CCMP Capital Advisors and companies acquired by the firm.
In 2014, CCMP Capital Investors III, L.P. was closed at $3.6 billion in capital to transform the operations of companies in energy, healthcare and retail industries. CCMP Capital Advisors are known worldwide for raising capital and receiving substantial investment returns of its portfolio companies. Stuart Jenkins was selected by the firm to transform Shoes For Crews into a profitable distributor and manufacturer of slip resistant footwear. Jenkins years of expertise in the shoe industry will assist with the expansion of the company.