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Bruce Levenson And AHBE In A Battle With AIG

It’s been over a year since Atlanta Hawks Basketball Entertainment (AHBE) sold the franchise to Ressler Group, but they’re not out of the headlines yet. Now AHBE, led by former Hawks’ owner Bruce Levenson are taking New Hampshire based insurance company, AIG to court over what they claim is a failure on AIG’s part to pay out claims covered by AHBE’s policy. The claim was related to a contract buyout that AHBE had made for former General Manager Danny Ferry, a deal that terminated Ferry’s position as GM, but would pay him the remaining salary and a bonus. But as reported by ESPN, thus far AIG claims it has no obligation to pay AHBE, and the legal battle could go on for a while.
Bruce Levenson is quite an accomplished businessman who has started numerous companies and come out with several patents. Levenson attended Washington University for his undergrad studies, and considered going into law while attending American University, but instead he went into journalism. He co-founded United Communications Group (UCG) in the confines of his own home, and the company became a thriving publisher of manufacturing and industrial news, as well as energy, environment, and healthcare. UCG became a highly recognized source for oil price information, and even today owns the GasBuddy app.

Levenson is also a philanthropist who has been deeply involved in Washington DC charities and given to local activist groups. As a member of a family who survived the Holocaust, Levenson has donated to the Holocaust Museum, and has helped start programs that teach young people the importance of the Holocaust, and allow them to become museum tour guides. Levenson also is a supporter of Hoop Dreams, a basketball charity event whose proceeds fund better education for inner city children. Levenson was owner of the Atlanta Hawks for about 11 years, buying them in partnership with Atlanta Spirit, LLC and selling them late in 2014.


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Stephen Murray Leaves His Mark On The Business and Philanthropic Industry

The late President and Chief Executive Officer of CCMP Capital Stephen Murray was a well known private equity investor and dedicated philanthropist. In 1984 Murray received his bachelor’s degree in economics from Boston college. After completing his undergrad, Murray immediately enrolled at the Columbia business school, where he earned his master’s degree in business administration. In 2005 Murray was named as head of the buyout sector of Hanover Trust Co. Read more: Stephen Murray, The Great Investor and Deal Maker for CCMP Capital

Murray was often sought out by top companies and organizations for his expertise and leadership skills. He served on the board of several top name organizations such as Cabela’s, Legacy Hospital Partners, Pinnacle Foods and AMC Entertainment.

Aside from his business leadership skills, Murray had a passion for helping people who were less. Philanthropy was a major part of his life, so much that he was vice chairman of the board of trustees at Boston College and a member on the New York Make a Wish Foundation’s chairman council. He also made frequent contributions to the Food Bank of Lower Fairfield County and Stamford Museum.

When Stephen Murray left CCMP Capital in February 2015 citing health-related issues, his friends and colleagues had no idea that it would be their last time working aside him. Murray passed away on March 12, 2015 at the age of 52. his passing came as a sudden surprise to all who knew and loved him. Several of the companies who were lucky enough to have the opportunity of working with Stephen Murray expressed their sadness over the loss of such an amazing business man and compassionate individual.

Stephen Murray spent a significant amount of his life helping others both personally and professionally. His caring personality and willingness to help others is something that will be missed the most. He will be greatly remembered and forever appreciated for his contributions to the world of business and philanthropy. Murray leaves behind a loving wife, and four sons to carry on his legacy.

Learn more about Stephen Murray CCMP Capital: