Milestone Partners has promoted Dan Ryan from associate to head of business development. He succeeds John Nowaczyk, who has been promoted to vice president and will focus on transaction execution and portfolio management.
Milestone Partners is announcing the appointment of a new head of business development and other personnel changes, which together reflect the continued evolution of the firm.
Dan Ryan, formerly an Associate with Milestone, has been named the firm’s new Director of Business Development and will now focus on the firm’s deal sourcing and marketing efforts, while also continuing to contribute on portfolio company oversight on a selective basis. The partners believe that Dan will be an excellent point person for the firm’s interaction with the M&A intermediary community. Dan is replacing John Nowaczyk, formerly Director of Business Development, who has been promoted to Vice President and is now focusing on transaction execution and portfolio management responsibilities, although he will also continue to contribute to the firm’s deal sourcing efforts.
Separately, Bob Levine, one of our Partners, has decided to take a less active role in pursuing new acquisitions in order to devote more time to other interests. Milestone is pleased that Bob will remain a Partner, a member of the Investment Committee and will continue to actively monitor and serve as a board member for various Milestone portfolio companies.
Finally, Milestone is also making a number of new additions to its administrative and junior staff, which it expects to announce in the coming weeks.
Milestone Partners (www.milestonepartners.com) is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues successful niche-market leaders that provide high-margin products or services. Milestone’s transactions typically provide liquidity to shareholders of privately-owned businesses, facilitate the transition of ownership to key managers, and allow management to capitalize on growth opportunities, while maintaining the legacy of the founders. Milestone is currently making follow-on and add-on investments through Milestone Partners II, L.P., a $120 million fund, and is making new platform investments through Milestone