Ezra: to help, aid, support

Ezra Legacy Partners aims to steward the vision, values, and legacy of incredible software and services businesses.

Devon Cash

Devon founded Ezra Legacy Partners to serve as a strategic and capital partner to exceptional software and services businesses. “Ezra” is a memento to Devon’s late brother-in-law and serves as the firm’s North Star: to steward the vision, values, and legacy of the founders and businesses with whom it partners.

A sixth-generation Texan, husband to Mia, and father to Naomi, Devon has spent his career at the intersection of service, finance, and entrepreneurship. As Executive Director of The Phoenix Scholars, a college counseling nonprofit, he worked closely with underserved students navigating the transition to higher education. That experience shaped his conviction that long-term success is built through trust and personal investment in people.

Devon later built his finance and investing foundation at Goldman Sachs and Vista Equity Partners, where he advised and invested in founder-led and mission-critical software and services businesses. His experience evaluating companies, partnering with management teams, and supporting strategic growth initiatives developed a deep appreciation for enduring businesses with strong cultures, loyal customers, and differentiated market positions.

In parallel, Devon co-founded Symposia, a social network for academics and researchers, which further shaped his perspective as an operator and entrepreneur. That experience reinforced his belief that exceptional businesses are ultimately built around people, purpose, and long-term relationships.

Devon brings the fullness of these experiences to Ezra’s approach: rigorous, relationship-driven, and grounded in long-term stewardship.

Devon received his BA in Economics from Stanford University and his MBA with Distinction from Harvard Business School. He, Mia, and Naomi reside in Austin.

Close-up of a smiling man in a dark blue suit, white shirt, and maroon tie, standing against a gray background.
Close-up of a smiling man in a dark blue suit, white shirt, and maroon tie, standing against a gray background.

Founder & Principal

Our Model

Ezra Legacy Partners is a search fund, an investment vehicle whereby a “searcher” acquires and operates one great business with the support of a robust community of investors and operators. For sellers, search funds represent an alternative path to transition — one where the buyer is a single, committed investor-operator. 680+ search funds have been formed in the past 40+ years, with proven success scaling businesses.

Search Fund

  • You only engage with me, a real person
  • Your company gets my full attention
  • Built to preserve your legacy
  • I join the company as an involved executive
  • Patient ownership mindset

Private Equity

  • Layers of deal professionals and committees
  • One company in a broader portfolio
  • Playbook may come first
  • New owners are likely at arm's length
  • Built around a future exit

Strategic Buyers

  • Layers of executives and managers
  • One division in a much larger company
  • Brand may be absorbed
  • Corporate leaders may replace yours wholesale
  • Driven by corporate priorities

Our Priorities

Ezra Legacy Partners is looking for one incredible software or services business with long-term growth potential, dedicated customers and employees, and strong profitability.

Industry

  • B2B software, tech-enabled services, or professional services
  • Growing end market
  • Low cyclicality
  • Large addressable market
  • Diverse competitive set

Business Profile

  • Founder-owned
  • Strong customer retention
  • Diverse customer base
  • Strong product / service vision

Financial Profile

  • $5m+ in annual revenue
  • Revenue is largely recurring
  • Strong margins and cash flow

Our Process

A man with short black hair and a beard sitting at a wooden table, engaging in a video call on his MacBook laptop, which shows a woman with glasses on the screen, in a well-lit room with plants and magazines on the table.

Step 1: Introductions

Email me, or let’s set up an initial phone or video call. We’ll share our stories and priorities to understand whether there’s a mutual fit.

Group of young people working together on laptops in a cozy, wooden interior with large windows, with a modern chandelier hanging above.

Step 2: In-Person Meeting & Initial Diligence

I’ll request basic financial information and visit you and the team to better understand the business you’ve built and your vision for the future.

Two people sitting at a white table, working on laptops, with notebooks, glasses of water, and a vase with white calla lilies in the background.

Step 3: Offer & Deep Diligence

We’ll sign an initial, non-binding offer that will outline a purchase price range. I’ll also conduct a fulsome review of the company’s financials and operations.

Two people shaking hands against a plain beige wall, one person wearing a striped shirt and dark pants, the other in a light-colored polo and khakis.

Step 4: Sign & Celebrate!

Once aligned on valuation, business terms, and transition plan, we’ll sign a binding offer, transfer funds, and celebrate your business’ continued success!

Our Operating Advisors

  • Professional headshot of a smiling man with short dark hair, wearing a navy suit and white shirt against a gray background.

    David Berkal

    Fmr. CEO, Medicat

  • A smiling man with dark hair and facial hair, wearing a suit jacket over a collared shirt, standing in front of a wood-paneled background.

    Will Bressman

    Fmr. CEO, RIA in a Box

  • Smiling man with short light brown hair, wearing a light blue collared shirt, outdoors with green foliage and a fence in the background.

    Jim Edmunds

    Fmr. President, Celebrity Kids Portrait Studios

  • Black-and-white dotted portrait of a middle-aged man with short hair, wearing a checkered shirt under a sweater, smiling slightly.

    Peter Gudmundsson

    Fmr. CEO, RecruitMilitary

  • Black and white stippled portrait of a smiling man with a shaved head, beard, and collared shirt.

    Andy Love

    Fmr. CEO, Behavioral Health Group (BHG)

  • A man with dark hair and a light complexion sitting at a table indoors, wearing a black long-sleeve shirt and a wristwatch, smiling at the camera, with a plant and window in the background.

    Robin Mohapatra

    Fmr. CEO, NCFDD

  • A man in a suit standing outdoors with a cloudy sky and greenery in the background.

    Noah Riner

    Fmr. CEO, NeuroInternational

  • A smiling man with dark hair in a light blue collared shirt against a gray background.

    Luka Salamunic

    Fmr. CEO, Triyam

  • Illustration of a smiling young man with neatly styled hair, wearing a collared shirt.

    Kent Weaver

    Fmr. CEO, Progressive Home Care

  • A smiling man with curly hair and a denim shirt, sitting on a couch in a modern living room with green plants.

    Will Wright

    Fmr. CEO, Peerless Events & Tents

Our Institutional Investors

Your Questions, Answered

  • Ezra Legacy Partners is an entrepreneur-led investment firm formed to acquire and operate one exceptional software or services business. After acquisition, Devon intends to step in personally to lead the business day to day.

  • A search fund is a vehicle through which an entrepreneur raises capital from aligned investors to find, acquire, and operate a privately held company. The model is designed to create a path to owner-operation, not passive financial ownership.

  • Ezra is built around focused ownership and continuity. Rather than adding a business to a portfolio or corporate platform, Ezra intends to acquire one company and give it the full attention of a dedicated owner-operator.

  • Ezra is focused on established software and services businesses with durable customer relationships, recurring or repeat revenue, strong margins, and opportunities for thoughtful long-term growth.

  • The intent is to preserve and strengthen the team. Employees, customer relationships, and company culture are often core reasons a business is attractive in the first place.

  • The transition depends on the founder’s goals and the needs of the business. Some founders prefer a defined handoff period, while others remain involved as advisors, board members, or minority investors.

  • Yes. Confidentiality is essential. Sensitive company information is shared only as needed for diligence, financing, or legal review, and only under appropriate confidentiality obligations.

  • A founder can start with a confidential introductory conversation about the business, their goals, and whether Ezra Legacy Partners’ long-term ownership model may be a fit. Simply email Devon or schedule an introductory phone or video call.

Let’s Connect