P3WORKS

What P3WORKS does

P3WORKS, LLC is a Texas-based professional services firm specializing in the administration of special financing districts — Public Improvement Districts (PIDs), Municipal Management Districts (MMDs), and Tax Increment Reinvestment Zones (TIRZs) — for municipal and county governments. Founded around 2016 and headquartered in North Richland Hills in the Dallas-Fort Worth metroplex, the firm operates from three Texas offices (DFW, Austin, Houston) and reports more than 100 public-sector clients and over $2.4 billion in cumulative infrastructure financing supported. The core offering is end-to-end district lifecycle administration: PID feasibility reviews, district formation document preparation or third-party review, bond covenant compliance, annual service plan updates, assessment billing and collection coordination with county tax collectors, bond fund account monitoring, and developer payment request auditing.

Revenue is generated through professional service fees on a project-based and retainer basis, billed to city, county, and management district clients. The go-to-market is consultative and referral-driven, leveraging relationships with bond underwriters, financial advisors, and bond counsel rather than traditional demand-generation. Marketing is limited to a corporate website with proprietary Individual Property Search and PID Search lookup tools, a LinkedIn presence, and educational resources such as PID 101 documentation and FAQ pages. The underlying technology is a non-AI administrative database and web search interface, not a software platform; competitive advantage is anchored in Texas-specific statutory expertise, President Mary Petty's 22 years of public finance experience, and the firm's accumulated track record on marquee municipal projects including the Charles Schwab headquarters PID in Westlake.

Name

P3WORKS

Legal name

P3WORKS, LLC

Website

https://p3-works.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

P3WORKS, LLC is a Texas-based professional services firm administering Public Improvement Districts, Municipal Management Districts, and Tax Increment Reinvestment Zones for more than 100 municipal and county government clients across the state.

Ownership category

akta.pro rank

Product category

Special District Administration

NAICS

Administration of Urban Planning and Community and Rural Development (92512)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Municipal Tax & Revenue Administration (Local) (BPAIACAD)

Keywords

• Special district administration
• Public improvement districts
• Municipal management districts
• Tax increment financing
• PID administration services

Headquarters

HQ city

North Richland Hills

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Special District Administration Services: P3Works generates revenue through professional service fees for administering public improvement districts, municipal management districts, and tax increment reinvestment zones. Services include PID feasibility reports, district formation, bond covenant compliance, annual service plan updates, assessment billing and collection, bond fund account monitoring, and auditing of improvement payment requests. Revenue appears to be project-based and retainer-based for ongoing administration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

P3Works administers Public Improvement Districts (PIDs), Municipal Management Districts (MMDs), and Tax Increment Reinvestment Zones (TIRZs) on behalf of Texas municipalities and management districts. Its offering covers the full district lifecycle: feasibility reviews, district formation and Service & Assessment Plan preparation, bond covenant compliance, annual service plan updates, assessment billing and collection coordination with County Tax Collectors, bond fund account monitoring, and auditing of developer improvement payment requests. The service is delivered as a professional administration engagement rather than a software product.

Product overview

P3Works is a Special District Administration firm that provides a unified platform for administering Public Improvement Districts (PIDs), Municipal Management Districts (MMDs), and Tax Increment Reinvestment Zones (TIRZs). The offering consists of a suite of administrative services including PID Feasibility Reports, District Formation Services, Bond Covenant Compliance, Annual Service Plan Updates, Assessment Billing and Collection, Bond Fund Account Monitoring, and Payment Request Auditing. These services are complemented by web-based property search tools (Individual Property Search and PID Search) that enable residents to access assessment information and district details. The company serves municipalities and management districts across Texas, supporting over $2.4 billion in infrastructure financing.

Differentiator

Problem solved

Functional benefit

Products and services

• PID Feasibility Report Unbiased review of a proposed Public Improvement District prepared on behalf of the municipality, covering estimated improvement costs, land use assumptions, financing assumptions, and compliance with Texas law. Intended for Texas cities, counties, and management districts evaluating new PID formation.
• District Formation Services Preparation or third-party review of Service and Assessment Plans, assessment rolls, and methods of allocating assessments required by Texas law for municipal governing bodies forming PIDs, MMDs, or TIRZs. For Texas municipalities and management districts undertaking new district formation.
• Bond Covenant Compliance Full review of bond transcripts and preparation of PID-specific administration manuals to ensure compliance with municipal obligations relating to assessment billings and collections, bond fund administration, and reporting requirements. For Texas municipalities and management districts with active PID bond issuances.
• Annual Service Plan Update Annual updates to the Service and Assessment Plan, including parcel information from County records, assessment reallocation based on parcel combinations or subdivisions, and compliance verification with bond covenants and debt service requirements. For Texas municipalities with established PIDs.
• Billing and Collection of Assessments Coordination with the County Tax Collector to incorporate PID assessments into annual property tax bills, export of parcel levy data to County Assessors in county-specific file formats, enrollment of districts to lock parcel data, and direct lockbox billing when the County Tax Collector cannot incorporate assessments. For Texas municipalities and management districts administering PIDs.
• Monitoring Bond Fund Accounts Administration of various bond accounts including the debt service reserve fund, delinquency reserve fund, and prepayment reserve fund, with coordination between the municipality's financial advisor and trustee to properly account for interest earnings, reserve fund credits, and prepayments. For Texas municipalities with active PID bond issuances.
• Auditing Improvement Payment Requests Audit of payment requests submitted by developers to verify accurate accounting records, confirm improvements are built as described in the Service and Assessment Plan, and implement the cost overrun protocol defined in bond documents. For Texas municipalities administering PIDs with developer-funded improvements.

Quantifiable outcome

• Supported over $2.4 billion in infrastructure financing across Texas
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• MuniCap, Inc. Specialized firm providing public finance and special district administration services to municipalities and developers. Directly competes with P3Works in the special-purpose district administration niche, with overlapping service lines including feasibility, formation, and ongoing administration.
• Specialized Public Finance Inc. Texas-based firm focused on special district administration, feasibility studies, and public finance advisory for municipalities. Directly competes with P3Works in the same PID/TIRZ/MMD administration niche.

Broad incumbents

• Crowe LLP: Top-10 US accounting and consulting firm with a dedicated public sector practice serving state and local governments, including special district advisory and assurance work. Overlaps with P3Works in providing financial administration, compliance, and advisory services to municipal clients.
• Ehlers: Independent municipal advisory firm providing financial advisory, special district administration, and bond underwriting services to state and local governments. Comparable to P3Works in serving overlapping municipal clients on PID/TIRZ-equivalent financing structures.
• Hilltop Securities: Full-service municipal investment bank and advisor that provides public finance, special district administration, and infrastructure financing services. Overlaps with P3Works in serving Texas municipalities and counties on PID, TIRZ, and MMD-related transactions.
• PFM Group (Public Financial Management): One of the largest independent municipal advisory firms in the US, providing financial advisory, public finance, and special district-related services to state and local governments. Comparable to P3Works because it serves the same B2G municipal clients and competes in the broader special-district finance and administration market.

Emerging players

• Raftelis: Public sector consulting firm focused on utility rate consulting, financial planning, and special district services. Overlaps with P3Works on infrastructure financing feasibility and municipal financial administration engagements.

Regional players

• Masterson Advisors: Texas-based independent municipal advisory firm providing financial advisory services to cities, counties, and special districts. Comparable to P3Works in serving overlapping municipal clients in Texas on district formation and debt administration matters.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/p3works-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 P3WORKS