---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-25-000011"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T14:23:15.038046+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Asbury Automotive to acquire Herb Chambers Companies for $1.34B

## Summary
- Purchase price $1.34B, including $750M goodwill and ~$590M real estate; no financing condition.
- Acquisition covers 33 dealerships, 52 franchises, and 3 collision centers in Massachusetts and Rhode Island.
- HCC generated $2.9B revenue in 2024; transaction expected to close late Q2 2025.
- Herb Chambers will become Special Advisor to Asbury and retain Mercedes-Benz of Boston.
- Termination fee of $100M payable by HCC under certain circumstances; earnest money $10M.

## SEC filing metadata
- accession: 0001144980-25-000011
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000011/0001144980-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000011/abg-20250214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-25-000011
- JSON: https://secwatch.observer/filing/0001144980-25-000011.json
- Plain text: https://secwatch.observer/filing/0001144980-25-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.