PXG Continues to Expand Its Global Footprint to Serve More Customers Through an Innovative Direct-to-Consumer Golf Club and Apparel Distribution Model
SCOTTSDALE, Ariz. (August 18, 2022) – Inc. revealed that PXG – Parsons Xtreme Golf – is No. 2308 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic sector – its independent small businesses.
Founded by entrepreneur, philanthropist, and self-proclaimed golf nut Bob Parsons, PXG is a research and development company dedicated to creating the world’s finest golf clubs and apparel. Today, the American company has grown its footprint to have global influence, serving golfers in more than 50 countries through an innovative direct-to-consumer model.
“Being recognized by Inc. Magazine is not an honor we take lightly. It is one we work hard to achieve by focusing on being better every day in every aspect of our business,” Bob Parsons stated. “Our team’s commitment to creating exceptional products and our customer’s enthusiasm for the experience we deliver is the reason for the success we have experienced. And I think it is safe to say we’re just getting started.”
PXG entered what was a saturated market in 2013, at a time when participation in golf was on the decline. But Bob Parsons saw a unique opportunity to change the approach to golf club research and development, dissolving both product release cycles and limitations to resources, for the benefit of consumers. By 2019 the company made its debut on the Inc. 5000, and in 2022, PXG secured its third recognition.
The companies on the 2022 Inc. 5000 list have not only been successful but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19. With the foresight to stay the course and the decision to triple down on inventory, PXG experienced rapid expansion both domestically and internationally – custom building and shipping millions of golf clubs in record time.
PXG also dramatically expanded its apparel offerings under the direction of Renee Parsons. As President and Executive Creative Director of PXG Apparel, Renee Parsons built a top-caliber team, from design and sourcing to distribution and analytics to fuel growth.
“We are paving our own unique path in golf and fashion. By fusing performance, comfort, and style into all we do, PXG is designing and producing pieces that fill a void we saw in the golf apparel industry. Early adoption has exceeded our expectations, and I am excited to continue evolving and creating in this space,” said Renee Parsons.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always,Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
About Parsons Xtreme Golf
Founded by entrepreneur and self-proclaimed golf nut Bob Parsons, PXG embodies his belief that every new product – from golf clubs to sport fashion apparel – should be markedly better. Every innovation should noticeably improve your performance. And every moment of impact should elevate your enjoyment.
Today, PXG offers a complete lineup of right- and left-handed golf clubs, including drivers, fairway woods, hybrids, irons, wedges, and putters, as well as high-performance, sport fashion apparel and accessories.
PXG’s professional staff includes Jason Kokrak, Joel Dahmen, Zach Johnson, Paul Barjon, Michael Gligic, James Hahn, Jim Herman, Sung Kang, David Lipsky, Luke List, Justin Lower, Henrik Norlander, Seth Reeves, Kyle Stanley, Hudson Swafford, Cameron Tringale, Celine Boutier, Austin Ernst, Mina Harigae, Vivian Hou, Yu-Sang Hou, Gina Kim, Megan Khang, Christina Kim, Katherine Kirk, Brittany Lang, Gerina Mendoza, Ryann O’Toole, Jennifer Song, and Mariah Stackhouse.
