Axis Capital will open two new regional sales offices as part of an expansion initiative. This brings the total number of Axis regional sales offices to five and supports Axis’ expanded vendor originations platform.

The first new office, based in Philadelphia, will cover the Mid-Atlantic region. Leading the Axis Philadelphia office is industry veteran Scott Hamburg, who has nearly 25 years of experience. Hamburg brings particular expertise in financing equipment in the technology space as well as general equipment types.

The second new office, based in Dallas, will cover the South Central region. This office will be led by Brent McWhorter, who brings more than 25 years of industry experience to Axis. McWhorter’s focus is on construction, transportation, commercial and industrial equipment financing while placing emphasis on lower middle market transactions.

Additional personnel appointments include Jeremey Scott to the Grand Island office and Kenneth Foster to the Dallas office.

“Opening two new U.S. regional offices augments Axis’ ongoing strategy of directly supporting vendor and customer relationships throughout the U.S.,” said Michael Karman, Axis’ chief commercial officer. “Additionally, we are delighted that two highly respected senior level industry veterans have decided to join us to lead our growth efforts in their respective regions.”

Axis Chairman and CEO Mostafiz ShahMohammad added, “In preparation for future growth, Axis is continually focusing on solidifying and growing the business relationships which are central to our ongoing success.”

In Q1/16, Axis announced that the company increased its overall origination volume from $132.2 million to $213.0 million between 2014 and 2015, representing a 56% increase.