Parsons Xtreme Golf (PXG) announced it has officially arrived on the PGA Tour. The company has inked a deal with Ryan Moore, which began using some of the company’s products back at the Hyundai Tournament of Champions. PXG is the brain child of Bob Parsons, who made his fortune with GoDaddy. Although he is no longer actively involved with the company that just began trading on the New York Stock Exchange, Parsons is reportedly worth nearly $2 billion according to Forbes' billionaires list. He sold the majority of GoDaddy back in 2011 to private equity investors KKR, Silver Lake, and TCV. That deal was worth an estimated $2 billion. At that time, he stepped down from the CEO role. Since then he has pursued his other interests such as acquiring Harley Davidson dealerships and golf.
“Ryan’s early adoption of PXG equipment and drive to play the very best golf he can makes him an ideal first partner,” said Parsons. “I couldn’t more pleased to welcome Ryan to our team."
Described as a serial entrepreneur and philanthropist, Parsons has recruited talent to develop the technology behind his clubs. Joining him in his venture are Mike Nicolette, who competed on the PGA Tour for nearly a decade, and Brad Schweigert, who holds more than 150 golf-related patents. Both left PING to go to work for Parsons.