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New England auto giant Herb Chambers Companies sold in $1.34B deal

Georgia’s Asbury Automotive Group will acquire Herb Chambers Companies for $1.34 billion in a deal announced on February 18, 2025.
The deal includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island, and it is expected to close later this year.
Herb Chambers, the founder and principal, will become a special advisor for Asbury and retain ownership of Mercedes-Benz of Boston.
Herb Chambers Companies employs over 2,200 people and generated $2.9 billion in revenue last year.

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WPRI 12

Herb Chambers sold for $1.34B to Georgia-based automotive retailer

PROVIDENCE, R.I. (WPRI) — Herb Chambers, a well-known New England automotive retailer, has been sold to a Georgia-based dealership conglomerate for $1.34 billion, 12 News has learned. 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. The sale is expected to be finalized in late spring. Herb Chambers…

4 days ago·East Providence, United States

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Boston.com

Herb Chambers is selling his dealerships in $1.34 billion deal

In a deal announced Tuesday, Georgia's Asbury Automotive Group will acquire New England's Herb Chambers Companies for $1.34 billion.

4 days ago·Boston, United States

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The Business Journals

Herb Chambers car dealership chain to sell to Georgia auto company

The car dealership magnate is selling his business to an out-of-state company for $1.34 billion.

4 days ago·United States

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Mass Live

Car sales giant Herb Chambers sold for $1.34B

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.

4 days ago·Springfield, United States

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Boston Globe

New England auto dealership chain Herb Chambers to be acquired by Georgia company for $1.34 billion - The Boston Globe

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

4 days ago·Boston, United States

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