Edgewater Growth Capital Partners III, L.P. is pleased to announce that its water industry portfolio company Triwater Holdings, LLC has recently completed the acquisition of Paragon Water Systems, Inc. (“Paragon” or the “Company”). Paragon designs, develops and produces point of use water filtration products for leading global OEM clients, including major retailers, dealers and direct selling channels. Paragon offers its worldwide customers innovative R&D, proprietary technology and low cost manufacturing through their facilities in the U.S. and China. The Company has grown rapidly over the past several years as a result of new product and technology introductions and expansion into the Asian market.
Triwater has partnered in this investment with Paragon’s founders and they will continue to lead the Company’s operations.