[3] Tripp Lite grew along with the cloud computing industry with their products widely used in data centers.
[1] In 2020 Tripp Lite filed a lawsuit against the federal government over the first Trump tariffs on Chinese goods.
Seid donated the company to the newly created nonprofit organization the Marble Freedom Trust.
The Marble Freedom Trust is headed by Leonard Leo, a longtime leader of the Federalist Society and the primary architect of the movement to reshape the U.S. federal judiciary with conservative judges.
In March 2021, the Marble Freedom Trust sold Tripp Lite to the Eaton Corporation for $1.65 billion, a transaction that resulted in significant tax savings.