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Tripp Lite

From Wikipedia, the free encyclopedia
Electrical hardware manufacturer

Tripp Lite
Company typeSubsidiary
IndustryComputer hardware, electrical equipment
Founded1922
FounderGraham Trippe
Headquarters
Chicago, Illinois
,
United States
Key people
Barre Seid[1]
ProductsUPS systems,PDUs,surge protectors,power inverters,electrical cables,racks
Number of employees
> 450
ParentEaton Corporation
Websitehttps://tripplite.eaton.com
Tripp Lite headquarters in Chicago, IL

Tripp Lite is an American manufacturer of power protection and connecting electrical devices. It was founded in 1922 and is headquartered inChicago,Illinois. The company employs more than 450 people and maintains a sales presence in over 80 countries worldwide.[2] Tripp Lite manufactures a variety of product categories, includingUPS systems, UPS replacement batteries,surge protectors,electrical cables and connectors,power inverters,KVM switches,power strips,PDUs,racks and rack cooling systems, power management software, laptop accessories, and audio/video equipment. Tripp Lite is ISO 9001 certified.[3]

History

[edit]

Tripp Lite grew along with thecloud computing industry with their products widely used in data centers.[1]

In 2020 Tripp Lite filed a lawsuit against the federal government over thefirst Trump tariffs on Chinese goods.[4]

By April 2020, Tripp Lite executiveBarre Seid had acquired a 100% stake in the company. Seid donated the company to the newly created nonprofit organization theMarble Freedom Trust. The Marble Freedom Trust is headed byLeonard Leo, a longtime leader of theFederalist 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 theEaton Corporation for $1.65 billion, a transaction that resulted in significant tax savings.[1][5]

References

[edit]
  1. ^abcPerez, Andrew; Kroll, Andy; Elliott, Justin."How a Secretive Billionaire Handed His Fortune to the Architect of the Right-Wing Takeover of the Courts". Pro Publica. RetrievedAugust 22, 2022.
  2. ^Murphy, H. Lee (April 14, 2012)."Electronic components maker gets spark from diverse lineup". Crain's Chicago Business. RetrievedJune 25, 2015.
  3. ^Horowitz, Michael (January 25, 2012)."A surge protector that doesn't protect". Computerworld. RetrievedJune 25, 2015.
  4. ^Kroll, Andy; Elliott, Justin; Perez, Andrew."How a Billionaire's "Attack Philanthropy" Secretly Funded Climate Denialism and Right-Wing Causes".propublica.org. ProPublica. RetrievedOctober 20, 2022.
  5. ^David O'Brien, Rebecca (May 12, 2023)."Group Tied to Influential Conservative Activist Spent $183 Million in a Year".The New York Times. RetrievedOctober 10, 2023.
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