PERENfra Signs Water and Wastewater Development and Services Agreement with Montgomery County Municipal Utility District No. 173
Conroe, Texas – October 26, 2023
PERENfra, a leading water infrastructure company specializing in sustainable development, has announced the signing of a Water and Wastewater Development and Services Agreement with the Montgomery County Municipal Utility District No. 173 (the “MUD”) through a Texas-based subsidiary. The agreement solidifies a strategic partnership with several development partners providing new residential and commercial developments in Conroe, Texas.
PERENfra will be responsible for the financing, design, construction, ownership, operation, and maintenance of water and wastewater facilities that will provide essential services to two prominent neighboring developments within the MUD service area in Conroe, TX.
The first development spans 115 acres and is projected to have approximately 330 new single-family homes, while enhancing the residential landscape of the area. Simultaneously, the second development, spanning over 90 acres, is expected to include 150 new single-family homes, 375 multi-family homes, and commercial developments to complement the nearby residences.
PERENfra, known for its expertise in water infrastructure development, focuses on long-term partnerships when financing, owning, and operating essential assets. The company is dedicated to delivering reliability and operational efficiency while ensuring the highest standards of safety and sustainability.
Commenting on the partnership, Jeff Nelson, Founder and CEO of PERENfra, stated, “We are thrilled to collaborate with the Montgomery County Municipal Utility District No. 173 and local development partners on this important project. The agreement reinforces our dedication to supporting growth in the State of Texas while providing Conroe and the Houston area with top-tier water and wastewater solutions. We look forward to contributing positively to the local community and creating a sustainable future for all local stakeholders.”
PERENfra invests in, acquires, develops, and operates essential water infrastructure with a core focus on sustainable development through long-term partnerships. PERENfra’s assets allow their clients and partners to efficiently manage the water life cycle sustainably. Led by a team of experts with more than 100 years of combined experience in the water sector, PERENfra is focused on ensuring water quality, conservation, and accessibility across the United States. Learn more at www.perenfra.com.
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