Wrathell, Hunt and Associates

What Wrathell, Hunt and Associates does

Wrathell, Hunt and Associates is a Florida-based professional services firm specializing in the administration and financial management of special districts, with a particular focus on Community Development Districts (CDDs) and related public finance advisory work. Founded in January 2005 by Craig Wrathell and Pfilip Hunt, Jr., the firm operates as a privately held LLC and is headquartered in Boca Raton, Florida. It serves governmental and quasi-governmental district clients across at least nine U.S. states, including Florida, Alabama, Mississippi, Louisiana, Georgia, North Carolina, Texas, South Carolina, and Tennessee.

The firm manages more than 200 special districts — including 245 CDDs in Florida alone — representing over $150 million in aggregate annual district budgets. Public finance services include administration of more than $2.5 billion in tax-exempt municipal bonds and over $20 billion in cumulative public financing experience. Notable engagements include Babcock Ranch, Miami World Center, Midtown Miami, Viera, Water Street Tampa, Canton Marketplace, and University Beach. Operational delivery is supported through seven regional offices (Boca Raton, Bonita Springs, Tampa, Orlando, St. Augustine, and Spring Hill in Florida, plus Dallas, Texas).

The business model combines recurring annual district management fees from long-tenor administrative contracts with episodic fee revenue from bond issuance, trustee coordination, and public finance advisory engagements. As a bootstrapped, founder-led LLC with no disclosed external capital, the firm has grown organically over 21 years. Customer contracts are governmental, which provides revenue predictability but ties growth to the rate of new special district formation and contract rebid outcomes rather than to a scalable technology platform.

Name

Wrathell, Hunt and Associates

Legal name

Wrathell, Hunt and Associates, LLC

Website

https://whhassociates.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Wrathell, Hunt and Associates is a Boca Raton-based professional services firm that manages 200+ special districts and advises on public finance across nine U.S. states. Founded in 2005, it administers CDD budgets, tax-exempt municipal bonds, and district operations for governmental clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Special District Management Services: Ongoing management services for special districts including administrative, operational, and maintenance oversight of district functions.
2. Public Finance Consulting: Advisory services for developers structuring financing using special districts, tax increment financing, public-private partnerships, and other public finance tools.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Wrathell, Hunt and Associates, LLC (WHA) is a special district management and public finance consulting firm that assists land developers in structuring development financings using special districts, tax increment financing, public-private partnerships, and other public finance tools. The firm also provides ongoing management, administrative, recording, accounting, operational, and special assessment methodology services for over 200 Community Development Districts and Special Act Districts across seven southeastern U.S. states.

Product overview

Wrathell, Hunt and Associates is a specialized consulting firm offering a unified portfolio of services for special district management and public finance. The core offering consists of six integrated service modules: Management Services (governance and administration), Recording Services (documentation and compliance), Accounting Services (financial management and reporting), Special Assessment Methodology Preparation (assessment structuring), Operational Services (day-to-day district operations), and Public Finance Consulting (financing tool advisory across multiple states). These services work together to provide land developers and municipalities with comprehensive support for establishing, funding, and operating special districts.

Differentiator

Problem solved

Functional benefit

Products and services

• Management Services Comprehensive district management including board meeting attendance, policy analysis, budget preparation, compliance with Florida Statutes, specification preparation for insurance and auditor services, annual disclosure reporting, and vendor contract coordination for special districts. Designed for Community Development Districts and Special Act Districts that lack internal administrative resources.
• Recording Services Recording secretary functions including board agenda preparation, meeting notices, transcription of all meetings, maintenance of district public records in perpetuity, district seal custody, and public records request fulfillment for special districts.
• Accounting Services Financial accounting functions including budget preparation per Chapter 190 Florida Statutes, tax exemption administration, government fund accounting system setup (per GAAP and GASB), year-end audit schedules, and financial reporting to state agencies. Designed for special districts requiring compliant governmental fund accounting.
• Special Assessment Methodology Preparation Assessment methodology services including capital improvement program review, benefit apportionment determination, assessment roll preparation, and public meeting presentations to support special district financing structures.
• Operational Services District operations management including identifying service providers, establishing maintenance standards, developing operating budgets, staff hiring and supervision, and long-term asset management planning for special districts.
• Public Finance Consulting to Developers Advisory services on public finance tools across multiple states including Community Development Districts (Florida), Improvement Districts, Tax Increment Financing, and Public Improvement Districts. Targeted at land developers structuring development financings.

Quantifiable outcome

• $2.5 billion+ in tax exempt municipal bonds administered for community improvements
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Inframark: National community infrastructure and district management company offering special district management, utility operations, and HOA services - directly comparable to WHA's full-stack CDD management and operational services offering.
• Vesta Property Services: Full-service property management company offering CDD and community development district management alongside HOA services, comparable to WHA's integrated service portfolio in the southeastern US.
• Leland Management: Florida-based property and community association management firm with CDD management services - directly competes with WHA for special district management contracts in the Florida market.
• Rizzetta & Company: One of the largest special district management firms in Florida, providing CDD and community development district administration, accounting, and consulting - directly competing with WHA for the same district board clients in Florida.
• Governmental Management Services: Florida-focused CDD and special district management firm offering administrative, accounting, and operational services to community development districts - directly competing for the same Florida CDD clients as WHA.

Broad incumbents

• Hilltop Securities: Major diversified broker-dealer and municipal advisory firm providing public finance, capital markets, and special district advisory services - competes with WHA's public finance consulting arm as part of a much broader financial services franchise.
• Public Financial Management (PFM): Large national independent financial and investment advisory firm with dedicated public finance and special district advisory practices - competes with WHA on the public finance consulting side while operating across a much broader municipal advisory footprint.
• Estrada Hinojosa & Company: Independent public finance investment bank and municipal advisor serving state and local government issuers - comparable to WHA's public finance consulting practice but with a broader issuer base and national footprint.

Regional players

• Ehlers: Midwest-based public finance and investment advisory firm serving municipal issuers - comparable to WHA's public finance consulting practice but primarily operating in upper Midwest geographies that don't directly overlap WHA's southeastern US footprint.

Others

• American Municipal Tax-Exempt Compliance (AMTEC): Provider of arbitrage rebate compliance and post-issuance tax compliance services for municipal bond issuers - adjacent to WHA's bond administration work, providing complementary compliance services to districts WHA manages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wrathell, Hunt and Associates