Ezra: to help, aid, support
Ezra Legacy Partners aims to steward the vision, values, and legacy of incredible software and services businesses.
Devon Cash
Founder & Principal
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...
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
- You get my full attention
- Built to preserve legacy
- I join as an involved exec
- Patient ownership mindset
Private Equity
- Layers of deal professionals
- One company in a portfolio
- Playbook may come first
- New owners are distant
- Built around a future exit
Strategic Buyer
- Layers of executives
- One division in a company
- Brand may be absorbed
- Their leaders replace yours
- Driven by corporate priorities
Industry Profile
- ✓ 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 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.
Our Process
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.
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.
Offer & Deep Diligence
We’ll sign an initial, non-binding offer that will outline a purchase price range. I’ll also conduct a comprehensive review of the company’s financials and operations.
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
David Berkal
Former CEO,
Medicat
Will Bressman
Former CEO,
RIA in a Box
Jim Edmunds
Fmr. President, Celebrity
Kids Portrait Studios
Peter Gudmundsson
Former CEO,
RecruitMilitary
Andy Love
Former CEO,
Behavioral Health Group
Robin Mohapatra
Former CEO,
NCFDD
Noah Riner
Former CEO,
NeuroInternational
Luka Salamunic
Former CEO,
Triyam
Kent Weaver
Former CEO,
Progressive Home Care
Will Wright
Former CEO,
Peerless Events & Tents
Our Investors
FAQs
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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.
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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.
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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.
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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.
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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.
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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.
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Yes. Confidentiality is essential. Sensitive company information is shared only as needed for diligence, financing, or legal review, and only under appropriate confidentiality obligations.
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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.