BOSTON (WHDH) – Asbury Automotive Group, a Fortune 500 Firm based mostly in Duluth, Georgia, introduced they’d signed an settlement to amass The Herb Chambers Firm for $1.34 billion.
Herb Chambers Firm is a number one automotive retailer in New England, and one of many largest auto dealership teams within the nation. The corporate’s 33 dealerships, 52 franchises, and three collision facilities generated $2.9 billion in income in 2024.
“As I look again on the final 40 years in enterprise, I achieve this with immense pleasure, and as I look ahead, I’ll achieve this with nice satisfaction figuring out what we constructed collectively might be in trusted palms,” Herb Chambers, principal of the Herb Chambers Corporations, mentioned in an announcement. “David Hult and the Asbury Automotive Group share our customer-focused philosophy which can stay as the muse from which they transfer our nice firm into the long run.”
Chambers will retain possession of Mercedes-Benz of Boston in Somerville.
Asbury presently operates 152 new automobile dealerships and 198 franchises, representing 31 automotive manufacturers.
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