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Who owns sizeable stakes in voter machine co’s
Key Points
Research suggests major voter machine companies like ES&S, Dominion, and Hart InterCivic are primarily owned by private equity firms and management teams, with some individual stakeholders.
It seems likely that ownership details are complex and not always publicly disclosed, given these are private companies.
The evidence leans toward McCarthy Group and individuals like Tom Burt and Tom O’Brien holding significant stakes in ES&S, Staple Street Capital and management in Dominion, and historically H.I.G. Capital in Hart, with current Hart ownership less clear.
Ownership Overview
The major voter machine companies in the U.S., such as Election Systems & Software (ES&S), Dominion Voting Systems, and Hart InterCivic, are largely privately held, making ownership details sometimes opaque. Here’s a breakdown based on available information:
ES&S: Owned by the McCarthy Group, a private equity firm, with notable individual stakeholders including Tom Burt (president and CEO), Tom O’Brien (CFO), Nancy McCarthy, and Kenneth Stinson, all reported to have over 5% stakes.
Dominion Voting Systems: Acquired in 2018 by Staple Street Capital, a New York-based private equity firm, alongside its management team, suggesting they hold significant stakes.
Hart InterCivic: Historically owned by H.I.G. Capital until at least 2020, but current ownership is less clear, likely involving management given recent trends in private companies.
An unexpected detail is the historical connection to political figures, like past associations with investment firms linked to political families, though current ties are not directly evidenced.
Supporting Details
Ownership in these companies can be controversial due to concerns about election integrity and potential conflicts of interest, especially given their critical role in democracy. The information is based on public records and company disclosures, but gaps exist due to their private status.
Comprehensive Analysis of Ownership in Voter Machine Companies
This analysis delves into the ownership structures of major voter machine companies in the United States, focusing on Election Systems & Software (ES&S), Dominion Voting Systems, and Hart InterCivic, based on available public information as of April 2025. These companies play a pivotal role in election infrastructure, and their ownership is a topic of interest due to implications for transparency and democratic processes.
Background and Methodology
Voter machine companies, responsible for manufacturing electronic voting systems, ballot tabulators, and related election technology, are primarily private entities, which often limits detailed ownership disclosures. The analysis began by identifying key players through reputable sources, including government registries like the U.S. Election Assistance Commission (Registered Manufacturers) and industry reports. Ownership details were gathered from company websites, Wikipedia pages, news articles, and financial databases, with a focus on stakeholders holding "sizeable stakes," typically defined as significant shares or controlling interests.
Election Systems & Software (ES&S)
ES&S, based in Omaha, Nebraska, is the largest manufacturer of voting machines in the U.S., serving approximately 1,544 county-level jurisdictions. Ownership research indicates that as of June 2019, ES&S is wholly owned by Government Systems, Software & Services, Inc., with the McCarthy Group holding a controlling ownership (Election Systems & Software Wikipedia). The McCarthy Group, an Omaha-based private equity firm, has been a partner since 1987, supporting ES&S's growth (FAQs - Election Systems & Software).
Individual stakeholders with over 5% shares include:
Tom Burt, president and CEO.
Tom O’Brien, vice president and CFO.
Nancy McCarthy and Kenneth Stinson, passive investors in the McCarthy Group.
Company statements, such as those on their official site (About - Election Systems & Software), emphasize 100% American ownership, reinforcing the domestic nature of these stakes. News articles, like a 2019 NBC News report (Chinese parts, hidden ownership, growing scrutiny), confirm these details, noting responses to state inquiries about investors with significant stakes.