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

Auto retailer Asbury Automotive Group said on Tuesday it would acquire automotive dealerships owned by Herb Chambers Companies in a deal valued at $1.34 billion.

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,

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

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

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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 deal marks the end of private ownership for one of the largest auto dealership chains. The post Herb Chambers is selling his dealerships in $1.34 billion deal appeared first on Boston.com.