Bowman Consulting Group has announced the acquisition of FCS Group, a Redmond, Washington-based company specializing in financial, management, and economic consulting for the public sector. FCS Group, led by President and Principal John Ghilarducci, focuses on utility rate and fee advisory services, financial and economic planning, and infrastructure funding consultation.
FCS Group serves a diverse client base, including urban and rural government agencies, municipal authorities, and communities with unique commercial and industrial requirements. Their expertise includes developing comprehensive financial assessment tools, long-term capital funding strategies, and cost-of-service rate analyses for water, energy, and waste services. Since its establishment in 1988, FCS has completed over 4,000 engagements for more than 650 public and quasi-public clients across the western United States, employing a team of 35 professionals in Washington, Oregon, and Colorado.
Gary Bowman, chairman and CEO of Bowman, said: “FCS immediately expands our reach and portfolio within the utility, government, and sustainability sectors. This move not only accelerates our penetration of the utility and renewables markets but also broadens the services we can offer our existing clients. The integration of FCS’s substantial public sector experience with our own will create significant revenue synergies.”
John Ghilarducci, president of FCS, said: “Joining Bowman allows us to extend our reach beyond our current markets and engage new clients. Our existing clients will benefit from Bowman’s unique offerings, and we anticipate growing Bowman’s utility portfolio significantly.”
The acquisition, financed through a mix of cash, seller notes, and equity, is expected to contribute approximately $7.0 million to Bowman’s annual net service billings and be immediately accretive. Further details on Bowman’s M&A activities and future guidance will be provided in the company’s scheduled quarterly and annual communications.
