Tilson Technology Management Selects ITG Communications Offer as Winning Bid in Auction

 ITG Communications Offers Approximately $22 Million to Acquire Portland-Based Telecommunications Firm

Tilson Continues to Operate as Normal and Meet Customer Demand

PORTLAND, Maine, Aug. 29, 2025 /PRNewswire/ -- Tilson Technology Management ("Tilson" or "the Company"), a national leader in network development and information infrastructure professional services, today announced that it has selected an offer from ITG Communications, LLC, as the highest and best offer at auction.

ITG Communications proposed to purchase substantially all of the Company's assets in an all-cash offer of approximately $22 million. The sale is subject to Court approval, and upon approval scheduled for mid-September, the sale is anticipated to close later that month.  

"We are pleased to have identified the offer from ITG Communications as the highest and best following a competitive auction process," said Darrell Ingram, Chief Executive Officer of Tilson. "The proposed transaction is a key step in our efforts to emerge from Chapter 11 as a stronger, financially sound company with the resources and expertise needed to achieve long-term success. ITG's knowledge and expertise in this sector bring tremendous synergies. They understand and value our business, our people, and believe in our strategy."

ITG Communications is a national provider of fulfillment, construction and project management services to the cable and telecommunications industries. ITG manages permanently outsourced operational activities in over 185 markets in 46 states throughout the U.S., including new customer installations, upgrades, service calls, dispatch, warehousing and outside plant construction, engineering, and maintenance projects.

"We are pleased to be joining forces with Tilson Technology Management, a move that will significantly enhance ITG's service offering and customer base. The addition of Tilson's wireless and consulting capabilities, along with long-term O&M and construction contracts, will further diversify our portfolio and strengthen our position as a nationwide provider," said Michael Brooks, Co-Founder and CEO of ITG Communications. "ITG is also excited to welcome Tilson's talented leadership team to our own already impressive group of leaders, all of whom will undoubtedly accelerate future growth. As a nationwide provider, we are confident this partnership will further strengthen Tilson's existing legacy in the industry."

Tilson's commitment to our customers, employees, and partners remains unwavering and our day-to-day operations will continue as normal. We will work closely with ITG Communications and all of our stakeholders to ensure a seamless transition. 

Tilson initiated a Chapter 11 restructuring on May 29, 2025 to protect its business. The filing was precipitated by the failure of its largest customer to fulfill its obligations and pay for work performed in good-faith. Despite this setback, Tilson has continued to win new work and deliver for existing and new partners.

About Tilson:  
Tilson is a national leader in network development and information infrastructure professional services, offering turnkey solutions across the entire project lifecycle. Our in-house teams are comprised of strategic consulting, network deployment, and project management professionals, ensuring comprehensive support at every stage. From project inception to self-performed installations and ongoing repair and maintenance, Tilson delivers end-to-end solutions that are fully customizable to meet the unique needs of each client.

About ITG Communications
ITG Communications LLC is a national provider of fulfillment, construction and project management services to the cable and telecommunications industries. We manage permanently outsourced operational activities in over 185 markets in 46 states throughout the U.S., including new customer installations, upgrades, service calls, dispatch, warehousing and outside plant construction, engineering, and maintenance projects. Our comprehensive business intelligent tools provide real time access to our workforce activities and drive our ability to consistently meet or exceed our customer's service level requirements. For more information, please visit ITGComm.com.

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ITG Communications
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SOURCE Tilson Technology Management