Note: This is an 'associate section' of the Royal Automobile Club
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.
The RAC emerged as the "Associate Section" of the Royal Automobile Club founded at the turn of the 20th century, c1897.
1978 It was incorporated as R.A.C. Motoring Services Ltd..
2002 Lex Services renamed itself RAC Plc.
In March 2005, RAC plc was acquired by Aviva, and therefore delisted.
2008 Aviva sold BSM
2011 Aviva sold the RAC breakdown recovery operation for £1.0 billion to The Carlyle Group
Sources of Information
- The Times Feb. 12, 2009
- The Times, February 27, 2003