Strategic Industry Focus The company specializes in consulting services for public sector entities including local governments, water agencies, and community organizations, presenting opportunities to provide tailored solutions in financial modeling, rate studies, and organizational assessments.
Recent Growth & Acquisitions Raftelis expanded its service portfolio by acquiring The Novak Consulting Group and Westin Technology Solutions, indicating a strategic push into local government management and technology services, which could open avenues for cross-selling additional consulting or technology solutions.
Strong Client Engagement The firm has established recent partnerships with municipal clients like Lynchburg and Santa Clara, as well as industry collaborations with US Water Alliance and Florida Rural Water Association, showcasing its active involvement in community-driven projects and opportunities for expanding municipal outreach.
Technology Adoption Raftelis leverages a range of tech tools including Deltek, Microsoft Word, and web platforms, offering potential opportunities to introduce new digital solutions or enhance existing technology services for their consulting engagements.
Revenue & Market Position With annual revenues between one and ten million dollars and a focus on niche public sector consulting, there’s potential to target similar mid-sized municipalities and agencies that require specialized financial and organizational consulting services.