NEENAH, Wis. (August 20, 2018) – Jewelers Mutual Group is buying shipping logistics software developer TransGuardian in a bid to expand beyond its core insurance business.
Terms of the deal were not disclosed.
TransGuardian provides online logistics services for the jewellery industry. Jewelers Mutual had previous partnered with the company in 2017 to create JM Shipping Solution, “a convenient, cost-effective, and safe way to ship jewelry that allows the user to take advantage of exclusive discounts, insurance options for their packages, and more.”
“Jewelers Mutual is dedicated to providing value to our jewelers, and offering a shipping solution is another way to do so,” Scott Murphy, president and CEO of Jewelers Mutual, said in a statement.
“With this acquisition, we take a major step forward by combining an industry-leading solution with our talent and resources to create a holistic shipping solution for the entire industry.”
The team from TransGuardian, founded in 2005 by Jim and Madlene Moseley, will continue to serve enrollees of the JM Shipping Solution, as well as their current customer base.
“Being welcomed into a 105-year-old company like Jewelers Mutual means access to a wide range of talent and resources,” Jim Moseley said in a statement.
“Together, we will enhance our customer experience and roll out bigger and better enhancements and discounts.”
Jewelers Mutual is the only insurer dedicated solely to serving the jewellery industry in the United States and Canada.
