Edgewater Announces Sale of Paragon Water Systems
Edgewater Growth Capital Partners III, L.P. (“Edgewater”) is pleased to announce the recent sale of its portfolio company TWH Filtration Industries, Inc. (“Paragon” or the “Company”) to a subsidiary of Culligan International Company (“Culligan”). Headquartered in Tampa, FL, Paragon develops and produces point- of-use water filtration products for leading international clients including suppliers to big box retailers and branded water dispensers such as Brita. Edgewater acquired Paragon in October 2014, alongside its co-investor JZ Capital Partners, as a separate division within Triwater Holdings, LLC. During Edgewater’s ownership, Paragon constructed a new manufacturing facility in China, tripled its manufacturing capacity, and expanded its customer base across the globe.