Silver Lake-backed Diamond Baseball completed the acquisition of Portland Sea Dogs.

Silver Lake-backed Diamond Baseball, an organization that owns and operates select minor league clubs affiliated with Major League Baseball, completed the acquisition of Portland Sea Dogs, a Minor League baseball team. Financial terms were not disclosed. “After thirty years of ownership and following our best season ever in 2022, the time is right for our family to move on. We are very pleased to have found in DBH an ownership team with deep experience in minor league baseball and strong commitments to Portland, the Red Sox and, most importantly, Geoff Iacuessa and his remarkable front office staff. Going forward, the Sea Dogs will have all the resources in place to take this franchise to new heights for the greatest fans in minor league sports,” Bill Burke, Portland Sea Dogs Chairman.