Milestone Partners, a lower middle-market firm, has promoted John Nowaczyk to partner and Dan Ryan to principal and head of Business Development. Mr. Nowaczyk joined Milestone in 2007, having previously worked at Kidder, Peabody & Co., PaineWebber and Legg Mason Wood Walker. He will continue to lead transactions and serve on Milestone’s Investment Committee. Mr. Ryan joined Milestone in 2008, having previously worked at Susquehanna International Group and Friedman Billings Ramsey & Co. He will continue to lead Milestone’s deal sourcing efforts and will oversee Milestone’s lender relations function.