Dick DeVos Ventures into the Liquor Business

Dick DeVos is a very famous businessman based in Michigan. He was born and raised in Michigan. His father is the founder of Amway. Four years ago, the Forbes Magazine recognized him as one of the wealthiest individuals in the US.

When he was still very young, Dick DeVos started getting involved in his family business. Whenever he was not in class, he would spend his time in the family business welcoming guests or clearing plates during any special gatherings. His early involvement in the company gave him the courage to speak confidently in gatherings and conventions.

 

Dick DeVos joined the family business officially in 1974. At the Amway Corporations, he was given several positions in departments like development, marketing, finance, sales and research. After working for ten years, he was appointed to become the vice president in 1984. After this appointment, Dick was responsible for all the operations in eighteen countries. During his tenure as the vice president of Amway, Dick DeVos worked hard and opened many new markers around the globe. Thanks to his leadership, Amway managed to triple its global sales. For the first time in their history, the family business reported that they had exceeded the domestic sales. He held the position for six years before leaving the institution for other activities.

 

This year, Dick DeVos and his wife Betsy announced to the world that they will be venturing in to the liquor industry. One of their companies, known as Windquest Group has started its plans to acquire Coppercraft Distillery. At the moment, Windquest has been listed among the registered agents at the Holland Township company.

 

Although the resident does not always confirm the ownership of an institution, this position is allowed to receive mails or important documents on behalf of the company. According to the licensing department in Michigan, Windquest is allowed to receive all mails and documents on behalf of Coppercraft. In January this year, the LCC approved the operating license transfer, and this is the biggest step in the whole process.

Several years ago, Dick DeVos acquired the Orlando Magic Basketball Franchise. After the new ownership, Dick became the president and CEO of the team. The team experienced a lot of success under his leadership. After several years, he left the team to become the president of Amway. Dick got the top position from his father, Richard DeVos. The company expanded its operations and grew significantly when he became the president.

The Career Life and Philanthropy of Stephen Murray

Stephen Murray is the former President and Chief Executive Officer of CCMP Capital, a company that he also co-founded. He was a frontrunner in the private equity investment sector before his death, which occurred on 12th March 2015 at the age of 52. CCMP Capital greatly acknowledges the noteworthy input of Mr. Murray towards the development of the company and its frontrunners.

He is popular for his generosity whereby, he gave donations to support various projects that are crucial to the society such as the Metro New York’s Make-A-Wish Foundation, the Food Bank of Lower Fairfield County, Stamford Museum, the Boston College and the Columbia Business School where he got his MBA.

The organizations recognize the excellent work of Steve Murray, and the Make-A-Wish-Foundation and the Boston College made him be the Council member and the Vice Chairperson of the Board of Trustees respectively.

In the hay days of his career, Stephen served at the Manufacturers Hanover Corporation as from 1984 as the credit forecaster training program’s member. He then moved to join the MH Equity Corporation after the Manufacturer Hanover incorporated his employer’s leveraged finance part with its private equity department.

Manufacturer Hanover was later bought by Chemical Bank in 1991 while the MH equity was acquired by the Chemical Venture Partners. Stephen then got another job at JP Morgan, where to control buyout businesses as from 2005. His role was noteworthy in transforming the company into a steady private equity.  Read more: Exclusive: CCMP Capital CEO Stephen Murray Leaves Firm

CCMP Capital was established in August 2006 as a small spinoff of the JP Morgan Chase. Its first staffs were a small advancement equity and takeover team that had Steven Murray as the CEO as from 2007. His leadership was effective since the company managed to grow to about 12 billion dollars. Stephen served CCMP Capital until his death.

The company’s proficiency is in offering services that are related to private equity, but it has mainly specialized in capital development dealings and leveraged buyouts. It has currently hired a staff of about fifty experts who are posted in its offices in London, Tokyo, Hong Kong and New York.

The company’s clients are mostly high net worth individuals, institutional investors, and corporations that need a good business to invest their money.

Steve Murray also sat on boards of various companies, and this includes the Legacy Hospital Partners, AMC Entertainment, Generac Power Systems, Warner Chilcott, Pinnacle Foods and Aramark. His workmates describe him as an innovative, ambitious and industrious person, who was committed to making his company successful.

Read more:

Exclusive: CCMP Capital CEO Stephen Murray leaves firm