Herb Chambers Companies

Asbury Automotive Group closed its acquisition of The Herb Chambers Companies (HCC), the 16th largest privately-owned dealership group nationwide, marking Asbury’s entry into the Northeastern US market. The $1.45 billion deal includes 33 dealerships representing 52 franchises and is expected to generate significant shareholder value. HCC moved approximately 50,000 vehicles in 2024 and is known for its customer service. Asbury financed the acquisition through credit and cash.