In 2021, Eaton Corporation plc acquired Tripp Lite from Barre Seid for approximately $1.65 billion. This acquisition followed Seid's transfer of 88% of his Tripp Lite shares to the Marble Freedom Trust, a conservative dark money group, and involved the transfer of his remaining shares, marking the end of his professional involvement with the company. As part of the sale, Seid likely entered into a settlement or agreement resolving any legal or financial contingencies related to the transaction, which often include indemnification clauses, non-compete agreements, or other legal stipulations. This provided Seid with a significant liquidity event and capital for subsequent philanthropic activities, including his subsequent $1.6 billion donation to the Marble Freedom Trust.