Do you have a block of IP addresses (like a /28)? Can you plug the Watchguard directly into the Internet connection, rather than behind the MX?
More than likely, he doesn't need an entire static IP address. The Watchguard will need specific ports forwarded to it. If you are using a VIP address on your MXs you could forward the ports from that to the Watchguard.
If you have a block like a /28, you could probably 1:1 NAT an entire IP.