Bain Capital in Talks to Acquire Koch-Backed Data Center Firm Edged in Deal Valued at Over $15B

Bain Capital is participating in a bid to acquire Edged, a data center company owned by Koch Industries, in a deal that could be valued at more than $15 billion, according to people familiar with the matter.

Edged was co-founded by Koch and entrepreneur Jacob Karnemark, focusing on the development, construction and operation of data centers. Koch Real Estate Investments, a Koch subsidiary, had been soliciting acquisition offers for Edged.

The transaction, if completed, would mark Bain Capital's first large-scale private equity investment in the U.S. data center sector. Observers said the move represents the firm's biggest step yet in the U.S. AI infrastructure investment boom and signals a notable strategic shift.