Three co-ops buy into Heartland Security

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Thursday, June 5, 2008

ROCHESTER, Minn.--To expand their security operations, three rural electric cooperatives have bought into Heartland Security here. The deal will be effective July 1.
Heartland Security, which is already solely owned by 10 other regional cooperatives, has about 4,000 customers. It installs and monitors GE Security Pro alarms and security services.
This deal will expand Heartland's coverage to include central, western and southeastern Minnesota as well as part of Iowa.
Don Hillman, member services manager for Peoples Cooperative Services, one of the three new buyers, said security was a small but significant part of Peoples' business.
"We've been providing security and environmental monitoring [and installation] to our members for a number of years and it had come to the point where it would be better to have someone else provide these services," said Hillman.
Heartland "will take care of the installation and building and will set up monitoring for [new and existing customers]," Hillman said. "We had to decide whether to increase staff here to specifically deal with security or transfer it to a different business whose whole business is dedicated to alarm systems."
The dollar amount the new cooperatives paid to become part of Heartland has not been released.
The talk among the three cooperatives started because "we're all members of the same generation and transmission cooperatives," he said.
The other two cooperatives in the deal-- Freeborn-Mower Cooperative and Tri-County Electric in Rushford--were in a similar situation, Hillman said.
The move will help Heartland expand its business and, "we will help provide support through advertising to our members and referrals."

For more on the story, including comment from Heartland Security, see the July issue of Security Systems News.