Jewelers Mutual Group has purchased the assets of TransGuardian, a cloud-based shipping logistics company that specializes in high-value items.
Terms were not disclosed. Jewelers Mutual and TransGuardian were already business partners, having joined together last year to form JM Shipping Solution.
Mike Alexander, senior vice president of commercial lines for Jewelers Mutual Insurance Group, says that, for the moment, neither TransGuardian nor JM Shipping Solution will change their names, since both names have equity in the industry.
There are also no plans for changes in any of the present services.
“Our teams will work together to assess the current platforms and products and see what enhancements can be made to better our user experiences,” Alexander says.
In addition to shipping jewels, TransGuardian also ships currency, numismatics, fine art, apparel, firearms, medical devices, insurance, personal effects, and general cargo. Services to the other sectors will continue, says Alexander.
The current TransGuardian leadership will join Jewelers Mutual.
TransGuardian president and CEO Jim Moseley will become vice president of logistics business development. Chief financial officer Madlene Moseley, Jim’s wife, will become vice president of logistics operations. Chief technical officer Randy Miller will become information technology manager.
TransGuardian’s offices in New York City and Los Angeles will remain open, as will its administrative offices in Petersham, Mass.
Moseley said in a statement: “Being welcomed into a 105-year-old company like Jewelers Mutual means access to a wide range of talent and resources.”
He promised to “enhance our customer experience and roll out bigger and better enhancements and discounts.”
TransGuardian was created in 2005 by Moseley, a shipping veteran and former manager of Federal Express’ high-value shipping service
Since 2011, TransGuardian has been the preferred shipping solution of the Diamond Dealers Club of New York. That same year, the DDC and TransGuardian brought the U.S. Postal Service chief postal inspector to JCK Las Vegas.
Image courtesy of Jewelers Mutual