White Plains-based ConEdison Solutions has acquired Custom Energy Services LLC of Overland Park, Kan. Financial terms were not disclosed. The deal is part of a ongoing corporate expansion strategy as ConEdison Solutions seeks to become a nationwide leader in energy services and energy commodity marketplaces. Custom Energy Services will give the firm a Kansas office to help reach customers in the Midwest. The company also has offices in Florida, Massachusetts, New Jersey, Virginia, North Carolina and Texas.

PepsiCo Inc., the Purchase-based beverage giant, announced that it has purchased V Water, a vitamin water brand in the United Kingdom. V Water, launched in 2005, is sold in six flavors and includes several added vitamins, minerals and herbal extracts. Terms of the acquisition were not disclosed.

“V Water provides us with a strong platform for expansion into a fast growing market, and reflects PepsiCo’s global commitment to transforming our portfolio of products and extending our range of healthier beverages,” Garrett Quigley, general manager, PepsiCo UK and Ireland, said in a written statement.

PepsiCo also announced that it has reached an exclusive bottling agreement with Britvic plc to manufacture, sell and distribute the V Water products in Great Britain.

Drew Industries Inc., a White Plains-based manufacturer of parts for recreational vehicles, is buying an manufacturer of RV furniture and products.

Drew’s wholly owned subsidiary, Lippert Components Inc., said that the purchase of Goshen, Indiana-based Seating Technology Inc. adds a new product line for Drew.

Seating Technology’s products include folding sofas for toy hauler RVs, upholstered furniture, mattresses, decorative pillows and wood-backed valences. Drew said that it expected that the acquisition will be funded from available cash. Seating Technology’s sales totaled $40 million in 2007, up from $11 million in 2003.

Visant Corp., an Armonk-based publishing and marketing company, said that it has completed its $219 million acquisition of Phoenix Color Corp. that was originally announced in February. Phoenix Color, based in Hagerstown, Md., is a book component provider servicing primarily the trade, professional reference and educational markets. Phoenix Color will operate as a wholly owned subsidiary of Visant.

Davis-Ulmer Sprinkler Co. Inc., an upstate fire protection contracter based in Amherst, has expanded into the Westchester County and New York City markets by buying W&M Sprinkler Co. Inc. of Hawthorne.

W&M Sprinkler, which has been in business for 13 years, employs 17 workers and operates from a 4,000-square-foot complex at 50 Broadway. Its clients include public buildings, hotels, schools and retirement communities in the region. About 60 percent of W&M’s work originates in New York City.

Terms of the acquistion were not disclosed.

Davis-Ulmer, a 62-year-old company, serves 4,500 customers statewide. The company also has a presence in northern Pennsylvania and New England.

Century 21 Grand of New City has expanded its presence in Orange County through a merger with Century 21 Anarumo-ZOAR of Newburgh. The headquarters of the combined operation will be in New City.

“This is a great fit for both companies,” said Jeffrey Stern, a partner with Century 21 Grand. “This merger will continue our company’s expansion into Orange County while broadening our commercial services division, which is one of Century 21 Anarumo-ZOAR’s strengths.”

As part of the transaction, the merged company expects to open a newly constructed, 15,000-square-foot office at Route 300 and Old South Plank Road in Newburgh by year’s end. Century 21 Grand currently operates offices in New City, Pearl River, Pomona, Goshen and Monroe.

Anarumo-ZOAR is the second Orange County company to become part of Century 21 Grand in the past 18 months.

All Bright Electric, an electrical contractor based in West Nyack, announced that it will add 50 workers to its staff 115 as a result of its acquisition of three companies.

The acquired companies are Mard Electric Contracting Corp. of Denville, N.J., Eastern Electric Contracting Corp. of White Plains and Hammond Electric Inc. of Mount Kisco.

The companies’ offices will be consolidated at All Bright’s main office in West Nyack.

“These acquisitions are a major step in our strategic expansion into New Jersey and Westchester County,” said Howard Hellman, All Bright’s chairman and founder. “We’ve identified these markets as prime areas where we can continue to grow our business. We are very excited about this expansion.”

Founded in 1969, All Bright has clients throughout the tri-state area. The acquisitions follow three others by All Bright. In 2000, it acquired Dalbar Electric in Port Chester. In 2005, it bought Stack Electric of Yonkers and Weisblatt Electric of Newburgh.

All Bright’s current projects include an upgrade for the Rockland County Sewer District, a new Lowes Home Store in Clarkstown, upgrades at Reader’s Digest in Chappaqua and electrical work for a 50,000-square-foot addition to the Salvation Army regional headquarters in West Nyack.

The Pepsi Bottling Group Inc. said today it completed its acquisition of Pepsi-Cola Batavia Bottling Corp. the Pepsi-Cola franchised bottler that serves Genesee, Orleans and Wyoming counties along with parts of Livingston, Alleghany and Cattaraugus counties in New York.

Terms of the transaction, which closed on March 14, weren’t disclosed, the Somers-based company said.

The Pepsi Bottling Group Inc. of Somers and PepsiCo Inc. of Purchase said this morning they have reached an agreement to buy Sobol-Aqua JSC, a company with production facilities in Russia. Terms of the deal, which is expected to close by the end of June, were not disclosed. Sobol-Aqua makes Sobol brands and packages certain Pepsi products at its facility in Novosibirsk, Russia.
PepsiCo and Pepsi Bottling are making the acquisition through their joint venture in Russia called PR Beverages Ltd.

IBM Corp. agreed to acquire Encentuate Inc., a privately held maker of authentification software, based in Redwood City, Calif., IBM said today.

Terms of the deal weren’t disclosed.

The Armonk-based computing giant also said it was forming a new lab in Singapore, incorporating Encentuate’s development team there, to better serve IBM clients in Asia and elsewhere.

Mahopac National Bank’s acquisition of Sleepy Hollow Bancorp is on track to close by the end of this month, the buyer’s president and chief executive said, and a new name has been settled on for the smaller institution. It’s a mouthful: “Mahopac National Bank, A Tompkins Community Bank, Sleepy Hollow Division.�

Gerald J. Klein Jr., Mahopac National’s top executive, said the new name will appear on the signage for the five branches.

“You can’t put it all the way across, it would be way too long,� Klein said.

Instead, each term in the name will be stacked atop the other in gradually smaller fonts.

Keeping the Sleepy Hollow name on the branches was not an option, Klein said, because federal regulations require the acquired property to bear the same name that appears on the national charter of the buyer bank.

Mahopac National doesn’t bear the name of its parent company, Tompkins Financial Corp., because it’s a separate division with its own charter. Mahopac National is folding Sleepy Hollow’s operations into its own.

Klein said the company wanted to keep some version of the Sleepy Hollow name that would resonate with its customers.

“We certainly recognize and respect the brand equity that Sleepy Hollow has built. We just love the name. We think it has a lot of cachet,� Klein said.

He said he discussed the change with John J. Hughes Jr., whose family has run the closely held commercial bank almost since its founding in 1924.

In November Mahopac National said it would buy Sleepy Hollow for $30.2 million in cash. The merged institution will have about $750 million in assets, 14 branches, and one limited-service office in Westchester, Putnam and Dutchess counties.

Fortistar, a White Plains-based power company, has an agreement to buy interests in five biomass projects from Primary Power International. Fortistar said the acquisition is part of its plan to expand its green and renewable energy portfolio. The acquisition is scheduled to close in about thirty days.

Three of the projects are located in Michigan. They are the Hillman Power Co., the Grayling Generating Station and the Genesee Power Station Two are located in Alberta Canada. They are the Dapp Generating Station and the Valley Generating Facility.

IBM Corp. said that it has acquired Net Integration Technologies Inc., a privately held software company based in Toronto. Net Integration Technologies specializes in server software for small and medium businesses. Terms of the acquisition were not disclosed.

New Motion Inc. announced that it has completed its buyout of Traffix Inc., the Pearl River company that provides Internet advertising for clients.

The buyout, originally announced on Sept. 26, valued Traffix at more than $138 million. As a result of the transaction, Traffix became a wholly owned subsidiary of New Motion, a digital entertainment company based in Irvine, Calif.

Traffix stockholders own about 45 percent of New Motion as a result of the deal. The headquarters of the combined companies will be based in New York City.

Traffix started in 1993 as Quintel Communications, providing clients with television and direct mail advertising, as well as telemarketing services. Seven years later, the company switched its focus to the Internet. The company’s client base included advertisers, direct marketers and wireless phone companies.

“This transaction combines two highly complementary companies into a digital advertising and entertainment network,� said Burton Katz, chief executive officer of New Motion, said in a written statement. “We are now able to further leverage the growing convergence trend between the online and wireless mediums.�

Shares of New Motion trade on the Nasdaq Stock Market under the symbol “NWMO.�

The Canadian Minister of Industry has cleared the way for IBM Corp. of Armonk to acquire Ontario-based software maker Cognos, IBM said today.

Among other things, IBM agreed to ensure that senior managers would either be Canadians or be based in Canada, and to maintain certain employment levels, the company said.

IBM has agreed to buy Cognos for almost $5 billion, making the company its biggest acquisition to date. The company said it expects to close the sale shortly. Cognos will remain headquartered in Ottawa.

PepsiCo Inc. of Purchase has reached an agreement to buy Penelopa, a producer and seller of nuts and seeds in Bulgaria for an undisclosed price. Penelopa was started 10 years ago and operates one plant. The company employs nearly 200 people.

Fortistar LLC, an energy company based in White Plains, closed on its acquisition of Algonquin Power Income Fund’s six landfill gas-to-energy projects in California and New Hampshire, Fortistar said today.

The $11.3 million deal closed Dec. 21, Fortistar said.

The projects expand Fortistar’s presence in states that aggressively support expansion of green and renewable energy, it said.

Paraco Gas Corp. agreed to acquire the Uxbridge, Mass., operations of AmeriGas, a national propane supplier, Paraco said today.

With the deal, inked this week, privately held Paraco gains 1,500 AmeriGas residential, commercial and industrial customers in central Massachusetts, the Rye Brook-based company said.

The purchase is the second Paraco has made in Massachusetts in as many months. Last month, Paraco acquired the propane division of Blackstone Gas, marking Paraco’s entry into the Bay State.

Prudential Rand Realty has agreed to buy Peterkin & Fitzgerald Real Estate Ltd., a Pearl River-based agency founded in 2004.

Terms of the deal, announced today, weren’t disclosed.

Prudential Rand said its search for a manager to head its Pearl River office led to the decision to purchase Peterkin & Fitzgerald.

Broker-owners, Greg Peterkin and Mary Fitzgerald, will join Prudential Rand’s Pearl River office as branch manager and training manager, respectively.

As part of the transaction, Peterkin & Fitzgerald will close its office at 44 Franklin Ave., relocating its 25-member sales staff to Prudential Rand’s office at 19 E. Central Ave.

Prudential Rand is Rockland County’s largest real-estate firm, based on sales, according to Prudential Rand. It has 20 offices and employs more than 700 salespeople in the Hudson Valley.

Pleasantville-resident John Pizzarelli has been named chief executive at CIFG Holding Ltd., a Bermuda-based bond insurer, it said today.

The appointment was announced in connection with the completion of a $1.4 billion buyout of CIFG by two Paris-based bankers, Banque Populaire Group and Caisse d’Epargne Group.

Pizzarelli assumes his leadership duties as the company is evaluating its long-term strategic plan, CIFG said.

CIFG established its headquarters in Bermuda earlier this year.

Jacques R. Rolfo, who had served as CIFG’s chief executive, is no longer with the company, CIFG said.

Pizzarelli spent more than 20 years at Armonk-based MBIA Inc. as head of global infrastructure before moving to CIFG last spring, a spokesman said.