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Tagg Romney Is Not an 'Investor In a Voting Machine Company'

10:36 AM, Oct 23, 2012 • By MICHAEL WARREN
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Several left-wing news outlets are reporting on a financial relationship between one of Mitt Romney's sons and a voting machine company--with some even implying that the relationship could lead to tampering with votes on Election Day to benefit the Republican. The only problem? There doesn't seem to be any evidence of any financial relationship between Romney's son, Tagg, and the company.

Solamere Capital, an investment fund founded and run by Tagg Romney, is a financial partner with HIG Capital, a private equity firm that manages a whole range of investments. HIG also invests in Hart Intercivic, a polling machine company that operates machines at polling places in Hamilton County, Ohio. But Solamere does not have any financial interest in Hart, a spokesman for Solamere tells THE WEEKLY STANDARD.

A recent article in the Nation about Solamere claims that the fund indirectly invests in Hart, and a report from MSNBC repeats this implication:

H.I.G. Capital, a large investment fund, is a 'significant investor' in Hart Intercivic, according to an announcement put out last year by Hart. And H.I.G., in turn, is one of the largest partners, with nearly $10 billion of equity capital, of Solamere Capital, the investment fund founded and run by Tagg Romney (pictured), Mitt’s eldest son, The Nation recently reported*.

The MSNBC article also quotes former top elections official from Ohio, Democrat Jennifer Brunner, saying that it “doesn’t look good for a presidential candidate’s son to be an investor in a voting machine company.”

But the Solamere spokesman says that is “totally wrong.”

“Not only does Solamere have no direct or indirect interest in this company [Hart Intercivic], Solamere and its partners have no ownership in this company, nor do they have any ownership in nor have made any investments in the fund that invested in the voting machine company,” the spokesman said.

So while Solamere does partner with HIG on investments, none of those investments involve Hart Intercivic. HIG may be simultaneously managing investments with both companies, but the investments are kept separate, as required by law. Put simply, Tagg Romney is not an “investor in a voting machine company.”

As even the liberal Think Progress points out, some left-wing blogs have floated the idea that Hart’s machines in Ohio might be tampered with to benefit Mitt Romney in the presidential election. But, Think Progress notes, there’s “absolutely no evidence” of any plans to tamper with those machines.

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