Herb Chambers has reached an agreement to sell his network of New England car dealerships to Asbury Automotive Group for $1.34 billion.

Asbury Automotive Group has reached a definitive agreement to acquire 33 dealerships and three collision centers from HCC.

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Sale of fourteenth largest private dealership group in the US includes 33 dealerships, 52 franchises, and 3 collision centers in Massachusetts and Rhode Island. DULUTH, Ga., February 18, 2025--(BUSINESS WIRE)--Asbury Automotive Group,

The deal, which is expected to close later this year, includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island.

The deal, one of the largest in the industry’s history, includes 33 dealerships, 52 franchises and three collision centers in the New England market.

New England auto giant Herb Chambers Companies has been acquired by the publicly traded Asbury Automotive Group in a $1.34 billion blockbuster deal.

Documents recently submitted to the U.S. Securities and Exchange Commission reveal that Asbury Automotive Group will acquire Herb Chambers' 33 dealerships, 52 franchises and three collision centers.

Herb Chambers has been one of the most prominent names in the automotive sector across New England. His company is one of the largest private auto dealership groups in the United States and currently employs more than 2,

Owner of dozens of car dealerships in the Boston area, Herb Chambers has sold his network of companies for over $1 billion to a Georgia-based company.