Asbury’s Vision: Scaling for the Future
Asbury President and CEO David Hult emphasized that the acquisition aligns with the company’s mission to become the most guest-centric automotive retailer in the industry.
“We’re excited to bring Asbury and the Herb Chambers team together,” Hult said. “Herb is an icon in Boston, and he has built a world-class organization with a strong reputation for serving guests and being highly engaged in the communities.”
Hult praised The Herb Chambers Cos. for its customer-first philosophy, noting that its culture and brand will remain intact under Asbury’s stewardship.
How Asbury is Funding the Deal
The Duluth, Georgia-based Asbury Automotive is funding the purchase through a combination of:
- Credit facility capacity
- Mortgage proceeds
- Cash reserves
With Asbury already operating 152 new vehicle dealerships, 198 franchises, and 31 domestic and foreign brands, the acquisition represents a strategic move to strengthen its influence in the auto retail sector.
