Tilson Technology Management issued a statement on Friday saying it is showing “significant progress” in its efforts to position the company for long-term growth following its Chapter 11 filing. Citing “recent media reports” that the company feels have mischaracterized the filing, Tilson’s announcement stressed its commitment to ensuring continuity of services and preserving its reputation with its partners “now and for years to come.” A recent issue of Inside Towers chronicled the problems of vendors in the wake of the filing (“Tilson Leaving Trail of Unpaid Bills and Damaged Property in Arizona”).
To date, the company says it has:
- Secured financing from Bank of America and others, providing critical liquidity to support operations
- Received court approval to pay its employees and critical vendors, enabling the company to stabilize its workforce and maintain essential business relationships
- Received court approval to pay all vendors for goods and services provided during the Chapter 11 process without delay, so that these vendors are paid in full and on time for goods and services provided since May 29, 2025
- Started the process to obtain court approval for a formal process to sell its business
“Tilson’s sale process simply seeks a new owner of its go-forward operations, which have been strengthened by Tilson’s separation from Gigapower. To be clear, this is not a liquidation or going-out-of-business sale,” says Darrell Ingram, CEO, Tilson. “Rather, we are seeking a partner who shares our vision for the company’s future, and understands and supports our strategy going forward. We are optimistic this process will result in a stronger Tilson for years to come.”
As previously announced, 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, Gigapower, to fulfill its obligations and pay for work performed in good-faith. Despite the setbacks caused by Gigapower, Tilson said it continues to grow having been awarded more than $40M in new engineering, O&M, and consulting work over the past month alone.
“We are off to a great start and appreciate the continued hard work, commitment, and passion of everyone here at Tilson in ensuring we remain the leader in network development and information infrastructure professional service,” Ingram said.
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