
Herb Chambers Companies, a prominent New England auto dealership group, will be acquired by Asbury Automotive Group, according to U.S. Securities and Exchange Commission filings. According to officials, Herb Chambers will be sold for $1.34 billion with a combination of credit facility capacity, mortgage proceeds and cash. “As I look back on the last 40 years in business, I do so with immense pride, and as I look forward, I will do so with great satisfaction knowing what we built together will be in trusted hands,” Herb Chambers, principal of...