FOR IMMEDIATE RELEASE
Contact: Christine West, Principal, KITE Architects
KITE ARCHITECTS ENTERS INVESTMENT PARTNERSHIP WITH CHARRETTE VENTURE GROUP
Innovative Business Model Provides New Infrastructure for Sustained Growth
PROVIDENCE, RI – December 14, 2017: Providence-based KITE Architects is the latest firm to join the growing national portfolio of Charrette Venture Group (CVG), one of the only investment groups focusing on the architecture space. CVG identifies architectural firms positioned for sustained growth and provides them with advisory services and related support to strengthen their position in the marketplace. “We seek out small to mid-sized architectural firms that exhibit strong leadership, design skills, business acumen, and firm culture” says Emily Hall, CVG’s Vice President of Marketing. “We entered a five year partnership with KITE because we believe that their growth trajectory will yield success for everyone involved with the firm.”
CVG provides services in the areas of marketing, finance, operations, organizational structure, leadership, and talent recruitment to architectural firms in return for a percentage of quarterly net operating revenue. CVG does not take an equity stake in firms; the shared-risk model ensures that both partners work together toward growing the business.
KITE Architects was founded in 1974 by William L. Kite, Jr., FAIA, who fully retired in 2013. Christine Malecki West, AIA and Albert Garcia, AIA lead the growing firm of 7 employees. KITE offers full architectural design services as well as feasibility studies, interior design, planning, and related consulting services for new construction and renovations at a variety of scales. They specialize in working with urban sites, historic and mid-century modern buildings, public infrastructure facilities, and sustainable design. Recently, the firm completed early stage designs for a new Student Services building at Rhode Island College, and design for upcoming improvements at The Steel Yard in Providence. Their portfolio includes the internationally recognized Dean Hotel, and award-winning headquarters for the Narragansett Bay Commission.
“KITE’s partnership with CVG represents the next phase of growth for our business,” notes KITE Principal, Christine West. “We are feeling confident in our current position with important projects and experienced staff. Now is the right time to invest in strategic growth at a sustainable pace.”
KITE Architects works closely with forward-thinking organizations and innovative developers from places like Veridium, exploring the possibilities of each project with an honest and creative lens. The firm focuses on urban projects with community organizations, educational institutions, utilities, private developers, and custom residential clients. KITE Architects is a certified Minority Business Enterprise (MBE / DBE) in the State of Rhode Island.
Charrette Venture Group (CVG) invests in small-to-mid-sized architecture firms. In return for a percentage of quarterly revenue, CVG consults in the areas of marketing, finance, operations, organizational structure, leadership, and HR to firms dedicated to growth in the architectural industry. CVG is incorporated in Des Moines, Iowa with a team experts working across the world on a virtual platform. For more information, visit www.CharretteVG.com or call Emily Hall at 401-580-3822.