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...

New England car sales giant Herb Chambers has agreed to sell his eponymous company for $1.34 billion.

Duluth, Georgia-based Asbury Automotive will take control of The Herb Chambers Companies, which includes 33 dealerships, 52 franchises, and three collision centers, according to an announcement released Tuesday morning. Herb Chamber Companies brought in $2.9 billion in revenue in 2024.

Chambers will serve as special advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville.

Herb Chambers auto retailer, with 33 dealerships in MA and RI, to be sold for $1.34 billion In a $1.34 billion deal, the Herb Chambers automotive chain, which includes dealerships in Auburn, Braintree and Burlington, is in line to be bought by Georgia-based Asbury Automotive Group. “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,” said Herb Chambers, a former...

Herb Chambers Companies, the ubiquitous New England auto dealership chain, is being acquired by the Georgia-based Asbury Automotive Group in a $1.34 billion deal, the companies announced Tuesday. The deal, which is expected to close later this year, brings a close to Herb Chambers’ decades-long oversight by its founder and principal of the same name, who founded the Somerville-based company in 1985 after purchasing a car dealership in Connecticut. The deal includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island, the statement said.

BOSTON (WHDH) - Asbury Automotive Group, a Fortune 500 Company based in Duluth, Georgia, announced they had signed an agreement to acquire The Herb Chambers Company for $1.34 billion. Herb Chambers Company is a leading car retailer in New England, and one of the largest auto dealership groups in the country. The company’s 33 dealerships, 52 franchises, and three collision centers generated $2.9 billion in revenue in 2024. “As I look back on the last 40 years in business, I do so with immense pride, and as I look forward,...

Boston-area car sales giant Herb Chambers is selling his network of companies to a Georgia-based corporation for $1.34 billion, according to documents submitted to the U.S. Securities and Exchange Commission. The money includes $590 million for Chambers' properties and another $750 million labeled as "goodwill." "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," Chambers said in a statement about...