Tilson

The offer, which is subject to court approval, is from ITG Communications LLC, a national provider of fulfillment, construction and project management services to the cable and telecommunications industries.

Proceeds from the asst sale, to a Vermont-based telecom company, will be used to pay Tilson's creditors as it seeks Chapter 11 bankruptcy protection.

Companies in this year's Inc. 5000 list generated a combined $300 revenue in 2024. The list includes Maine companies that span sectors from technology to construction.

The Portland-based IT firm is suing Gigapower over alleged breach of contact, which the Dallas-based company denies.

The company said it will use the money to meet customer obligations and pay employees, vendors and others as it seeks a buyer for the business.

The Portland-based developer of fiber and wireless networks said it has received more than $40 million in new engineering, operations and maintenance and consulting work over the last month alone.

The IT company has hired a Michigan-based investment bank to conduct the sale, a court filing shows.

The company said it aims to address financial challenges triggered by the abrupt cancellation of one client's contracts.

Cloudport Coworking plans to open a second hub, occupying an entire floor of 16 Middle St., the building that also is headquarters for Tilson.

Tilson, a Portland-based telecommunications infrastructure and services firm, appointed Adria Horn as president and Tim Schneider as chief legal officer.