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Asbury Automotive to acquire 33 dealerships from Herb Chambers Companies

Summary
Asbury Automotive Group has reached a definitive agreement to acquire 33 dealerships and three collision centers from The Herb Chambers Companies (HCC), marking one of the largest transactions in U.S. automotive retail history. The deal, valued at $1.34 billion, includes 52 franchises and is expected to close in late Q2 2025. This acquisition will bring HCC’s impressive 2024 revenue of $2.9 billion into Asbury’s portfolio. Asbury plans to financ…

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The Business JournalsThe Business Journals

Asbury Automotive to buy Massachusetts-based competitor for $1.3 billion

This is Asbury Automotive's latest acquisition by way of a ten-figure acquisition.

·United States
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CollisionWeekCollisionWeek

Asbury Automotive Group Acquires Herb Chambers Companies - CollisionWeek

Sale of 14th largest private dealership group in the U.S. includes 33 dealerships, 52 franchises, and 3 collision repair centers in Massachusetts and Rhode Island. The Asbury Automotive Group, Inc. (NYSE: ABG) announced it signed an agreement to acquire automotive dealerships owned by The Herb Chambers Companies (HCC), the fourteenth largest by revenue privately-owned dealership …

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CBT Automotive NetworkCBT Automotive Network

Asbury Automotive acquires 33 dealerships, Tesla faces protests, Hyundai expands production for tax credit

Top Stories Asbury Automotive Group to acquire 33 dealerships from Herb Chambers. Read More Tesla faces protests over Musk’s political moves amid sales decline. Read More Hyundai ramps up U.S. production to qualify for federal tax credit. Read More Toyota, Lexus issue recall for 40K vehicles amid seat belt defect. Read More Featured Interviews  The untapped potential of commercial vehicle sales – Kathryn Schifferle | Work Truck Solutions As the …

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CBT Automotive Network broke the news in on Tuesday, February 18, 2025.
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