Koch Industries buys GOP Senate candidate’s company

Koch Industries buys GOP Senate candidate’s company


Lachlan Markay

Koch Industries Inc. headquarters, Wichita, Kan., Nov. 14, 2005. Photo: Larry W. Smith/Bloomberg via Getty Images.

R&I NV — A division of industrial giant Koch Industries has bought Senate hopeful Jim Lamon’s company, likely providing a cash infusion for the Arizona Republican as he pours huge sums of his own money into the race.

Why it matters: Lamon is vying for the GOP nomination to take on Democratic Sen. Mark Kelly in what is expected to be one of the most competitive — and expensive — races of the 2022 midterms.

  • There’s no indication the deal was influenced by any political considerations. Americans for Prosperity Action, the leading political arm of the Koch network, has not reported any expenditures in the Arizona Senate race this year.
  • Lamon has already loaned his campaign $5 million, and said he is prepared to spend ten times that sum.
  • He gave another $2 million to a conservative voter registration group operating in Arizona in the days before he entered the race.

Driving the news: Koch Engineered Solutions announced this week it has acquired Lamon’s Scottsdale-based solar energy company, DEPCOM Power.


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Orange of Specious

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