Edgewater Lets PGI International Flow to Parker Hannifin
November 14, 2012
The Edgewater Funds has sold PGI International, a Houston-based designer and manufacturer of high-pressure flow control components and systems, to Parker Hannifin (NYSE: PH). PGI's products are used for oil and gas, agriculture and petro-chemical applications. Edgewater acquired PGI in 2007 through its Edgewater Growth Capital Partners II fund.