JENKS, Okla. – Howard Milstein, co-chairman of the Nicklaus Companies, has invested in FlyingTee and its parent company Origin. The Oklahoma-based company is going to open its its first multi-level sports bar and restaurant with a modern, technology-driven, golf gaming experience at the Riverwalk Center in Jenks in the spring of 2016.
Milstein will become an investor in FlyingTee domestically and receive a license to use th unique technology FlyingTee has created for its interactive games in developing facilities in Asia.
"We are constantly looking for interesting opportunities in the golf segment, and FlyingTee has created a highly compelling golf-themed entertainment experience," said Milstein, who is Chairman, President, and CEO of New York Private Bank & Trust and its operating bank, Emigrant Bank, as well as Co-Chairman of The Nicklaus Companies. "We are excited to invest to help the FlyingTee team grow their business domestically and to partner to grow the concept internationally."
John Vollbrecht, managing partner of FlyingTee, said today he and his partners were thrilled to be partnering with the Milstein family.
"It’s very exciting. They’ll help FlyingTee grow both domestically and internationally and succeed in both Tulsa and beyond," Vollbrecht said. "The insights, experience and resources the Milstein family brings to the table are extremely valuable to our growth plans."
The Milstein Family’s portfolio of golf investments now includes the Nicklaus Companies, GolfLogix, Inc., the number one app in the golf segment, and FlyingTee.
The agreement will allow Milstein to use the technology developed by FlyingTee including the combination of sophisticated launch monitors with Protracer technology as the basis for its interactive games in other FlyingTee facilities in Asia.
FlyingTee is also partnering with the Creek Nation on the Jenks facility. The Creeks, along with Oklahoma City golf professionals such as Gil Morgan, Bob Tway and Scott Verplank, are investors in the company’s growth plans as well.