RAC Limited
British automotive services company. / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about RAC plc?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
RAC Limited (The RAC) is a British automotive services company headquartered in Walsall, West Midlands. Its principal services are roadside assistance and general insurance, and its subsidiaries include RAC Motoring Services Ltd, RAC Financial Services Ltd and RAC Insurance Limited. It was a private club owned by its members until sold in 1999, eventually acquired in 2014 and 2015 by GIC Private Limited and CVC Capital Partners.
Quick Facts Company type, Industry ...
Company type | Private limited company |
---|---|
Industry | Automotive services |
Founded | 1897 |
Founder | Frederick Simms |
Headquarters | , |
Area served | United Kingdom, Republic of Ireland |
Key people | Rob Templeman (Chairman) Dave Hobday (CEO) |
Services | Roadside assistance and insurance |
Revenue | £501 million (2015)[1] |
£95 million (2011)[2] | |
Owner | CVC Capital Partners (50%) GIC Private Limited (50%) |
Number of employees | 3,700 (2011 average)[2] |
Subsidiaries | RAC Motoring Services Limited RAC Financial Services Limited RAC Insurance limited |
Website | www.rac.co.uk |
Close
The RAC's main competitors are The AA and Green Flag.[citation needed]