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.