TPx Secures Court Approval of Plan of Reorganization, Positioning Company for Long-Term Success

Clears path for TPx to emerge with significantly less debt, increased capacity to invest in the business and a new ownership structure that supports TPx's future growth

AUSTIN, Texas, Sept. 2, 2026 /PRNewswire/ -- TPx (the "Company"), a leading nationwide managed services provider, today announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company's Plan of Reorganization (the "Plan"), marking a significant milestone in TPx's Chapter 11 process.

Under the confirmed Plan, TPx expects to emerge with a stronger balance sheet, a more sustainable capital structure, and access to new capital. This improved financial position will allow TPx to build on its continued EBITDA and free cash flow growth while increasing investment in the business.

"Confirmation of our Plan marks a major step for TPx and clears the way for the company's next phase," said Shaun Andrews, Chief Executive Officer of TPx. "We reached this milestone with the commitment of our employees, the partnership of our customers and Channel Partners, and the support of our lenders, and I'm grateful to all of them. Now we can turn our full attention to the opportunities ahead: expanding the business, strengthening our capabilities and raising the bar for the managed services we deliver. We have a clear direction and a lot to build on."

TPx continues to operate as usual, delivering reliable managed IT services and supporting customers' day-to-day operations without interruption.

The Company expects to emerge from Chapter 11 once required regulatory approvals are received and customary closing conditions are satisfied. At that time, a group of investors consisting of the Company's existing lenders and equity sponsor will become TPx's new owners. TPx will be well capitalized upon emergence with new financing provided by this group of investors.

Additional Information

Additional information about TPx's restructuring process is available at http://tpx.com/ourfuture. Bankruptcy Court filings and other information regarding the case can be found at https://restructuring.ra.kroll.com/TPx, or by contacting Kroll Inc., the Company's noticing and claims agent, at (888) 339-7353 (toll-free) and +1(646) 825-5321 (international).

TPx is advised in this matter by Sidley Austin LLP as legal counsel, Portage Point Partners as financial advisor, with Steven Shenker serving as Chief Restructuring Officer, PJT Partners, Inc. as investment banker, and FTI Consulting, Inc. as communications advisor. An ad hoc group of lenders is advised by Davis Polk & Wardwell LLP as legal counsel, Haynes and Boone LLP as local counsel, and Guggenheim Securities, LLC as financial advisor.

About TPx

TPx is your sidekick for smart IT—helping organizations connect, secure, and grow with confidence. Leveraging decades of experience, TPx delivers managed services for cybersecurity, networks, and cloud communications that reduce risk and maximize the value of IT investments. Visit www.tpx.com to learn more.

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SOURCE TPx