Specialty insurer Jewelers Mutual Group has purchased the assets of TransGuardian Inc., a high-value item shipping and logistics software company.
Terms of the transaction were not disclosed.
Jeweler Mutual partnered with TransGuardian in 2017 to develop JM Shipping Solution, a jewel shipping service.
Jewelers Mutual’s president and CEO Scott Murphy said: “Jeweler Mutual is dedicated to adding value to my jewelry, and there is another way to deliver a shipping solution.” “With this acquisition, we are taking a major step forward by combining industry leadership with our capabilities and resources to create a holistic transportation solution for the entire industry.”
As part of Jewelers Mutual, the TransGuardian business and team under the leadership of founding Jim and Madlene Moseley will continue to serve the existing customer base as well as the records of the JM Cargo Solution.
All existing TransGuardian employees were invited to join Wisconsin-based insurance company Neenah. TransGuardian’s customer service centers in New York City and Los Angeles will continue to operate uninterruptedly as part of the Jewelers’ Mutual Group.
TransGuardian’s software manages the shipment of insured parcels of collections, fine arts, jewelery, jewelery, firearms and other high-value and highly regulated products.
Jeweler Mutual offers insurance and damage prevention services for jewelery businesses including retailers, wholesalers, manufacturers, special designers and experts.
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