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0 0 -8.33847539315153E-05 -8.33847539315153E-05 -0.00160098727548661 -0.00500308523589547 -0.0029518202891783 -0.00405249904107525
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Asbury Automotive Accelerates Expansion With $1.34 Billion Herb Chambers Takeover [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
2 min read In This Article ABG Asbury Automotive Accelerates Expansion With $1.34 Billion Herb Chambers Takeover Asbury Automotive Group Inc (NYSE: ABG ) shares are trading lower on Tuesday. The company inked a deal to acquire The Herb Chambers Companies in a $1.34 billion deal The transaction covers Herb Chambers' 33 dealerships, 52 franchises, and three collision centers, representing $2.9 billion in 2024 revenue. The transaction, expected to close in the late second quarter of 2025, is subject to customary conditions and will be funded through credit facilities, mortgage proceeds, and cash. Herb Chambers , principal of the Herb Chambers Companies, has agreed to assume the post of Special Advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville, Massachusetts. David Hult , Asbury's President & CEO, said, “HCC is a respected brand with a rich history and reputation for having a customer and team member-focused culture, aligning directly wi Show less Read more
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