We are a dynamic duo of experienced and passionate entrepreneurs dedicated to leveraging our combined expertise to identify, acquire, and transform promising businesses into thriving enterprises.
Choose us as your trusted partners because we bring a unique blend of industry knowledge, financial acumen, strategic vision, and operational excellence, ensuring that together, we unlock the full potential of your business and drive sustainable growth and a continued legacy.
What sets us apart is our relentless commitment to value creation, an innovative approach to problem-solving, and a proven track record of transforming businesses with tailored strategies that foster long-term success and competitive advantage.
We seek businesses with strong teams, financial stability, and appealing characteristics in growing industries, primarily in Middle America, while remaining open to opportunities nationwide that demonstrate potential for value creation and align with our investment criteria.
Our team is bolstered by a diverse network of accomplished investors and advisors who provide invaluable guidance, industry insights, and strategic support, ensuring our collective expertise drives successful outcomes for the business we ultimately partner with.
Ethan Walz is an experienced business professional with a strong finance and accounting background and substantial experience in operations and general management. He’s created value in both large-scale professional services firms and in small cap startups, leading, scaling and building teams. He finds fulfillment in having an outsized im
Ethan Walz is an experienced business professional with a strong finance and accounting background and substantial experience in operations and general management. He’s created value in both large-scale professional services firms and in small cap startups, leading, scaling and building teams. He finds fulfillment in having an outsized impact on the lives of others and feels that an entrepreneurial path is the best way for him to achieve that goal at this stage in his career. Ethan finds joy in the challenge of creating and building something valuable and has never been shy about facing his fears. Ethan is proud of his upbringing in rural America and the relationships he’s built both personally and professionally in blue- and white- collar environments. This gives him comfort and understanding to operate in a wide array of business settings.
Ethan accumulated seven years of professional experience prior to stepping away to business school at the Kellogg School of Management in 2021. He spent four years in big four public accounting at KPMG where he led both small scale and large multinational audit engagements and planted the foundational roots of his strong financial business acumen.
After four years at KPMG, Ethan joined an upstart publicly traded farmland REIT in Denver, CO, where he helped improve and professionalize the Company’s finance and accounting systems, processes, and controls, delivering substantial value to the organization. Further, he implemented operational systems and policies to improve cross-functional efficiency and mitigate company risk. Overall, Ethan helped grow and scale a ten-person company into what is now the largest farmland REIT in the United States with upwards of $1 billion of farmland on the balance sheet. Ethan was inspired by his experience and mentorship and knew he was interested in starting or owning his own business. He credits much of his inspiration to his professional role models and personal relationships and knows he would not be at this stage without them. He is overjoyed at the opportunity to launch Continuum Legacy Partners and own and operate a business with his longtime friend, David.
Ethan grew up in Lincoln, Nebraska, and is an unmitigated Nebraska Cornhuskers fan. He credits the development of his integrity, work ethic, and perseverance to his upbringing in the Midwest (or the West, depending on who you ask), a strong family values system, and many years of competitive swimming, basketball and golf.
Ethan and his wife, Clare, live in Glen Ellyn, IL. When not outside or spending time with family and friends, they can be found enjoying time at home and playing with their Golden Retriever, Nellie.
Ethan received his B.S. in Accounting with an emphasis in Finance from Nebraska Wesleyan University, where he was a member of the golf team, and has an MBA from the Kellogg School of Management at Northwestern University.
David Hodorowski is a tenacious, goal-oriented professional who thrives on delivering value to businesses and nurturing relationships with those around him. With a passion for search funds and business operations, David leverages his eight years of expertise in accounting, finance, and operations to identify and grow businesses while posi
David Hodorowski is a tenacious, goal-oriented professional who thrives on delivering value to businesses and nurturing relationships with those around him. With a passion for search funds and business operations, David leverages his eight years of expertise in accounting, finance, and operations to identify and grow businesses while positively impacting the community.
Throughout his career, David has gained extensive experience in financial services, public companies, and private startups. Starting as a CPA at KPMG, he quickly earned promotions, ultimately joining the team managing the firm's top client. Here, David led various high-value projects, including potential IPOs, spinoffs, carve-outs, SPAC transactions and system implementations.
After six years at KPMG, David joined a specialty vehicle manufacturer, enhancing their financial reporting, internal controls, technical accounting, and financial operations. Involved in the daily operations of multiple business units and divisions, David successfully drove process improvements across multiple locations simultaneously.
David's experience also encompasses advisory roles with numerous life science companies. Collaborating closely with management teams and scientists, he provided crucial guidance during the early stages of startups to eventual IPOs and secondary capital raises. Moreover, David offered valuable insights on financial reporting and operational concerns.
In 2022, David founded his own CFO outsourcing services company catering to small and medium-sized businesses and individuals. He managed all aspects of the business, including sales, marketing, client relations, and project delivery. In 2023, David transitioned primary operational responsibilities to others to pursue acquiring and operating a business alongside his close friend and former colleague, Ethan.
Residing in Oconomowoc, WI with his wife Amber and their Black Lab, Enzo, David and his wife share a love for traveling to U.S. National Parks, with ten parks visited and plans to see them all. In his leisure time, David enjoys outdoor pursuits like fishing and hunting, and occasionally participates in tournaments with his father.
David earned a Bachelor of Science in Accounting and an MBA from Concordia University Wisconsin, where he was also a member of the football team.
Nellie can frequently be found at the office helping Ethan and David sniff out deals and maintaining team morale. She keeps Ethan and David active during the day and has been known to quickly win over business owners with her irresistible charm. Her nose art on the office windows could reliably hang on the wall at any art gallery. Nellie'
Nellie can frequently be found at the office helping Ethan and David sniff out deals and maintaining team morale. She keeps Ethan and David active during the day and has been known to quickly win over business owners with her irresistible charm. Her nose art on the office windows could reliably hang on the wall at any art gallery. Nellie's hobbies include swimming and playing in any body of water, saying hello to everyone she meets, chasing (and sometimes catching) ducks, and cuddling up with Ethan and his wife, Clare, whenever she gets the chance.
Enzo can often be found right by David and Ethan's side, making sure they have everything they need for a productive day at work. He's been known for pulling off clutch food and coffee runs at the corner stores and keeping the office in tip top shape. A reliable good boy, he makes sure that Ethan and David stay on track to finding a great
Enzo can often be found right by David and Ethan's side, making sure they have everything they need for a productive day at work. He's been known for pulling off clutch food and coffee runs at the corner stores and keeping the office in tip top shape. A reliable good boy, he makes sure that Ethan and David stay on track to finding a great business to acquire and operate. His hobbies during the day include napping in the sun and sniffing the air for any and all new scents, including any tasty treats that might be cooking on the stove.
Continuum Legacy Partners is managed by Ethan Walz and David Hodorowski, who are a pair of accomplished and highly capable entrepreneurs seeking to own and operate a small to midsized private company for the long term. Ethan and David met while working together in the early days of their careers at KPMG and became fast friends. With their joint experiences ranging from start-ups to large multinational corporations, the partners have developed an exceptional skillset for identifying opportunities and executing plans to realize them.
Ethan and David have a proven track record and working relationship together that has been stress tested through adversity in highly accountable situations. Along with having worked together for more than two years and achieved great successes as a partnership in the past, Ethan and David have known each other and have been close friends for over 8 years. Their strong personal bond and battle tested, complementary professional partnership dynamic gives them confidence in their ability to weather the inevitable storms that come with owning and operating a business. Ethan and David have significant experience working in operational roles and have benefitted greatly from working for entrepreneurial role models. They have an outstanding group of investors and entrepreneurs with significant experience starting, buying, and scaling small businesses, who are ready to help guide them along the journey.
Ethan and David are holistically aligned with a shared faith and values system, which includes a love for middle America and the people who make it great. They have a shared desire to have an outsized impact on the lives of others and to acquire, grow, and create something of great value. Based on their experience working in large- and small-scale businesses, they agree on enterprise size fit and their desire to own and operate a small to midsized company.
People are the heartbeat of a business, and we believe investing in people is investing in success. We are looking for a business and management team that exemplify these beliefs and have built a strong culture, talent base, and team of committed employees around them.
- Annual revenues of $5 - $50 million
- Annual EBITDA of $2 - $10 million
- Cash flow positive for at least three years
- Low cyclicality
- Low ongoing capital expenditure needs
- Recurring or contractual revenue streams
- High operating leverage
- Low customer/supplier concentration
- Low customer churn
- Substantial opportunity for future added value - Private and concentrated ownership
- Motivated seller
- B2B services
- High organic growth potential
- Large and/or fragmented market
- Low regulatory risk
- Low risk of technological obsolescence
- Non-commoditized product or service
- High competitive barriers to entry
We will primarily focus on finding a business in Middle America, as we especially understand and are proud of the ethos and values in the heart of this nation - where we both were raised. However, we will remain open to attractive opportunities nationwide that meet our criteria as outlined above