Asbury Automotive Group, based in Duluth, GA, said Monday it will acquire various automotive dealerships owned by Somerville, MA-based Herb Chambers Companies (HCC), the nation’s 14th largest privately-owned dealership group by revenue. The $1.34-billion acquisition is one of the largest in U.S. automotive retail history.

The HCC portfolio Asbury is acquiring includes 33 dealerships, 52 franchises and three collision centers across the Boston and Providence metro areas. HCC principal Herb Chambers has agreed to serve as special advisor to Asbury and will retain ownership of Mercedes-Benz of Boston in Somerville.

“We’re excited to bring Asbury and the Herb Chambers team together,” said David Hult, Asbury’s president & CEO. “HCC is a respected brand with a rich history and reputation for having a customer and team member-focused culture, aligning directly with Asbury’s North Star to become the most guest-centric automotive retailer.”

Jones Day and Hill Ward Henderson served as legal counsel, Baker Tilly served as the transaction advisory firm and BofA Securities served as financial advisor to Asbury. Stephens Inc. served as financial advisor and WilmerHale served as legal counsel to HCC.