We introduce a new set of simplified models to address the effects of 3-point interactions between the dark matter particle, its dark co-annihilation partner, and the Standard Model degree of freedom, which we take to be the tau lepton. The contributions from dark matter co-annihilation channels are highly relevant for a determination of the correct relic abundance. We investigate these effects as well as the discovery potential for dark matter co-annihilation partners at the LHC. A small mass splitting between the dark matter and its partner is preferred by the co-annihilation mechanism and suggests that the co-annihilation partners may be long-lived (stable or meta-stable) at collider scales. It is argued that such long-lived electrically...