By April 2020 Tripp Lite executive Barre Seid had acquired a 100% stake in the company. Seid donated the company to the newly created political advocacy group 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 judiciary with conservative judges who went on to overturn Roe v. Wade. In March 2021 Marble Freedom Trust sold Tripp Lite to the Eaton Corporation for $1.65 billion, a transaction that may have been designed to fund conservative political causes while avoiding taxes.
