New England auto giant Herb Chambers Companies sold in $1.34B deal
The sale includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island.
Asbury Automotive to buy Herb Chambers' dealerships in $1.34 billion deal
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. Asbury plans to fund the acquisition using a combination of credit facility capacity,
Herb Chambers is selling his dealerships in $1.34 billion deal
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.
Herb Chambers Companies sold to Asbury Automotive Group for $1.34B
Herb Chambers has reached an agreement to sell his network of New England car dealerships to Asbury Automotive Group for $1.34 billion.
New England auto dealership chain Herb Chambers to be acquired by Georgia company for $1.34 billion
The deal, which is expected to close later this year, includes 33 dealerships, 52 franchises, and three collision centers in Massachusetts and Rhode Island.
Herb Chambers sells companies for over $1B
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.
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