In 2021, Eaton bought Tripp Lite for $1.65 billion and said, “The acquisition of Tripp Lite will enhance the breadth of our edge computing and distributed IT product portfolio and expand our single-phase UPS business.”
Eaton also hoped the acquisition would further its access to the consumer market where Tripp Lite has a strong position. While Eaton might be happy with its 2021 purchase, the company is probably unhappy with the sudden spotlight that Tripp Lite brought in 2022.
The story started when someone made a $1.6 billion donation to a political activist firm but structured this major financial transaction for privacy as well as tax benefits. Reporters chasing the source of this gift, dubbed “the largest political advocacy donation in U.S. history,” stumbled across Tripp Lite as the missing puzzle piece.
Source:
https://www.ravepubs.com/how-tripp-lite-ended-up-in-the-global-news/