Was Herb Chambers sold?
BUSINESS WIRE)–Jul. Asbury Automotive Group, Inc. NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U. S. The Herb Chambers Companies (HCC), the sixteenth largest by revenue privately-owned dealership group in the country. Asbury Automotive Group has cemented its biggest push into the Northeast, completing a $1. Herb Chambers Companies (HCC) on July 21, a deal that folds 33 dealerships, 52 franchises and three collision centers into the public retailer’s platform.A Herb Chambers dealership in Boston, Massachusetts. Herb Chambers currently consists of 60 automotive dealerships throughout Southern New England, primarily in the Boston-Worcester-Providence combined statistical area.The deal includes Chambers’ 33 dealerships, 52 franchises and three collision centers.
Who is the CEO of Herb Chambers?
Herb Chambers Key Executives Herb Chambers serves as the CEO / President of Herb Chambers. James Duchesneau serves as the CFO of Herb Chambers Companies. James started at Herb Chambers Companies in August of. James Duchesneau is the Chief Financial Officer & Vice President at Chambers Consulting based in Glastonbury, Connecticut.
How many dealerships does Herb Chambers own?
An impressive 60 dealerships and 3 collision centers make up The Herb Chambers Companies, which is ranked 20 out of the 17,000 remaining automobile dealership groups. Dorchester native Herb Chambers has agreed to sell his chain of car dealerships to a Georgia-based company in a deal worth $1. Tuesday in The Boston Globe, which said the 83-year-old magnate would retain ownership of his Mercedes-Benz dealership in Boston.Chambers (born November 24, 1941) is an American billionaire businessman, owner and president of The Herb Chambers Companies, a group of 60 car dealerships in the greater Boston, Massachusetts area.The Herb Chambers automobile dealerships generate over one and a half billion dollars in sales each year with over seventeen hundred employees. That is more than three times larger than any other dealer in New England.Asbury Automotive Group completes $1. Herb Chambers Cos. The nation’s fifth-largest public auto retailer now owns another top private dealership firm, as Asbury Automotive Group Inc.