Darrell Ingram

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.

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.

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

COO Darrell Ingram was promoted to CEO at the 1,400-employee information technology company based in Portland, while outgoing CEO Joshua Broder will stay on as executive board chairman and CEO of Tilson Infrastructure.