---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-25-000119"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T04:56:58.176326+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Asbury completes $1.45B acquisition of Herb Chambers Companies; adds 33 dealerships in Northeast

## Summary
- Aggregate net purchase price $1.45B including $750M goodwill, $610M real estate, $85M other assets net of $375M floorplan.
- Acquired 33 dealerships, 52 franchises, 3 collision centers; HCC generated ~$3.2B revenue and sold ~50,000 vehicles in 2024.
- Funded via $546.5M real estate term loan (SOFR+2%, 10-yr maturity), $750M credit facility expansion, and cash on hand.
- Transaction diversifies geographic mix into Northeast US; expected to generate significant shareholder value.

## SEC filing metadata
- accession: 0001144980-25-000119
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000119/0001144980-25-000119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000119/abg-20250721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-25-000119
- JSON: https://secwatch.observer/filing/0001144980-25-000119.json
- Plain text: https://secwatch.observer/filing/0001144980-25-000119.txt

## Source-grounded claims
- claim_id: 25db7f120c72dea6982f49013f4b0cb03fe0156a
  claim: ASBURY AUTOMOTIVE GROUP INC incurred term loan of $546,528,750 with Wells Fargo Bank, National Association at SOFR plus 2% per annum or Base Rate plus 1% per annum maturing ten years from the initial funding date.
  evidence_excerpt: On July 21, 2025, certain subsidiaries of Asbury Automotive Group, Inc. (the “Company”) borrowed $546,528,750 (the “Real Estate Facility”) under a real estate term loan credit agreement, dated as of July 21, 2025 (the “Real Estate Credit Agreement”) by and among the Company, certain of the Company’s subsidiaries that own or lease the real estate financed thereunder, as borrowers, Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the various financial institutions parties thereto, as lenders (the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000119/0001144980-25-000119-index.htm
- claim_id: 7b877ca6a786dd0361f1d0af41b360e12bee6150
  claim: ASBURY AUTOMOTIVE GROUP INC completed an acquisition involving The Herb Chambers Companies for aggregate net purchase price of approximately $1.45 billion, which includes $750 million for goodwill, approximately $610 million for the real estate and leaseh (closed 2025-07-21).
  evidence_excerpt: On July 21, 2025, Asbury Automotive Group, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company, completed its previously announced acquisition of substantially all of the assets (the “Transaction”), including real property and businesses of The Herb Chambers Companies (collectively, the “Businesses”), pursuant to a Purchase and Sale Agreement with various entities that comprise the Herb Chambers automotive dealerships group for an aggregate net purchase price of approximately $1.45 billion, which includes $750 million for goodwill, approximately $610 million for the real estate and leasehold improvements, and approximately $85 million for new vehicles, used vehicles, service loaner vehicles, fixed assets, parts and supplies, which is net of non-manufacturer floorplan of $375 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498025000119/0001144980-25-000119-index.htm

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