Axis Capital Achieves Second Largest Y/Y Growth in Vendor Top 25
May 25th, 2016 – Axis Capital achieved the second largest year-over-year growth in Monitor’s national ranking of Top 25 Vendor Channels. Axis realized a 67.9% vendor channel origination increase. In comparison, the top 25 group’s average increase was only 6.9%. This substantial growth now places Axis at No. 20 overall in the top vendor channel ranking.
“We have been extremely focused on expanding our vendor-based relationships and are thrilled with the overall performance and continued growth,” said Michael Karman, Axis CCO. “More importantly we appreciate the confidence that our vendor partners continue to place in Axis’ comprehensive suite of equipment financing solutions.”
In April, Axis announced that the company’s cumulative new business origination volume in 2015 increased by 56% from $132.2 million to $213 million, resulting in Axis’ advancement to seventh place in Monitor‘s national ranking of top independents.
“Strengthening and diversifying vendor relationships is an essential element of our long-term plan,” said Mostafiz ShahMohammed, Axis chairman and CEO, said. “Together with the recent enhancements we’ve made to our leadership team and IT infrastructure, we fully expect these positive changes will enable Axis to continue building upon its success going forward.”
About Axis Capital
Axis Capital, Inc. (Axis), a subsidiary of Amur Finance Company, is a commercial equipment finance company that provides businesses with customized capital financing options. Headquartered in Grand Island, NE, Axis was founded in 1996 and has served as a reliable capital partner to over 15,000 business owners and over 2,000 equipment vendors across North America. Axis offers financing solutions ranging from $10,000 to $2 million across a broad spectrum of industries and its dedicated industry coverage teams work directly with equipment vendors and businesses to quickly and efficiently provide financing solutions tailored to its clients’ needs.
For more updates, visit Amur Equipment Finance News.
About Amur Finance Company
Amur Finance Company, Inc. (Amur) is a privately held, diversified commercial finance company focusing on four main sectors: General Equipment; Aviation; Energy, Shipping & Logistics; and Other Industrial and Commercial Assets. Amur’s management team and senior leaders have extensive industry expertise and have been involved in over $100 billion of transportation, industrial and related commercial finance, trading and investment transactions around the world. Amur takes a partnership approach to its investments, providing long-term value through direct investments and strategic arrangements with world-class entrepreneurs and businesses.
For more information, go to amurfinance.com.
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