Who bought out Herb Chambers?
Transaction details on july 21, 2025, the herb chambers companies (hcc) completed the previously announced sale to asbury automotive group, inc. Nyse: abg). Asbury automotive group completes acquisition of herb chambers dealerships.Herb Chambers (born 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. Mr. Chambers entered the automotive business in 1985 and has had a career in the industry spanning nearly 40 years.Herb Chambers Companies, which employs 2,200 people in Massachusetts and Rhode Island, is being sold for $1. Asbury Automotive Group out of Georgia. The deal includes Chambers’ 33 dealerships, 52 franchises and three collision centers.
How did Herb Chambers get its start?
He started out with the purchase of a dealership in New London, CT. At that time there were 33,000 authorized auto dealerships. Herb likes to say, we became number 33,000 and one! Herb Chambers Companies, which employs 2,200 people in Massachusetts and Rhode Island, is being sold for $1. Asbury Automotive Group out of Georgia. The deal includes Chambers’ 33 dealerships, 52 franchises and three collision centers.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.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.The Herb Chambers Companies employs 674 employees. The The Herb Chambers Companies management team includes Nicolas Gennetti (CEO), Kal Nasser (Pre-Owned Director), and Marybeth Maercklein (Director of Marketing).We don’t sell cars. We help people buy them. Herb Chambers is headquartered in Somerville, Massachusetts and operates 60 retail car dealership locations, representing 35 different brands.
Where do herb chambers live now?
Personal life. Chambers lives in Old Lyme, Connecticut, and commutes to his Somerville, Massachusetts headquarters by private helicopter each Monday morning. Chambers spends most of his time with family — he has a son from a marriage that ended in divorce after 13 years — and a small circle of very close acquaintances, most of them up-by-the-bootstrappers like himself.
Who is the CEO of the Herb Chambers?
Nicolas Gennetti’s latest job experience is Chief Executive Officer at Herb Chambers Automotive Which industry does Nicolas Gennetti work in? Jim Xaros | Executive Vice President, The Herb Chambers Companies.
Does Herb Chambers have any children?
He divorced his wife after a 13-year marriage. The former couple has a son George Chambers. George Chambers is general manager at Herb Chambers Porsche in Boston. He divorced his wife after a 13-year marriage. The former couple has a son George Chambers. George Chambers is general manager at Herb Chambers Porsche in Boston. Herb is now living together with his longtime girlfriend Melissa Lees.
What happened to Herb Chambers?
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 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.Asbury Automotive Group, Inc. NYSE: ABG) is a Fortune 500 company and one of the largest franchised automotive retailers in the United States with 177 new vehicle dealerships across 15 states.