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- The Automobile Association
The Automobile Association Revenue, Valuation, Funding & Investors
The Automobile Association is valued at $5.3B as of December 2023, a 7.2x multiple on its last reported $739M revenue.
Last The Automobile Association valuation
$5.3B
Undisclosed stage · Dec 2023
Last The Automobile Association funding round
$573M
Undisclosed stage · Dec 2023
The Automobile Association revenue
$739M
Undisclosed stage · Dec 2023
Key investors in The Automobile Association
Stonepeak
About The Automobile Association
The Automobile Association is a UK motoring organization providing roadside assistance, vehicle repairs, and insurance brokerage. Its patrols handle breakdowns for cars and motorcycles, while segments cover driving schools via the British School of Motoring and telematics training through AA Drivetech. Basingstoke-headquartered since 1905, it operates across the UK and Ireland.
Founded
1905
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription, Services
Revenue
$739M (Dec 2023)
Valuation
$5.3B (Dec 2023)
The Automobile Association Valuation
The Automobile Association is currently valued at $5.3B, based on its undisclosed-stage round in December 2023.
The $573M round was led by Stonepeak.
The Automobile Association valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2023 | Undisclosed stage | $5.3B | 7.2x |
The Automobile Association Revenue
The Automobile Association's latest recorded revenue is $739M, as of its undisclosed-stage round in December 2023. At a $5.3B valuation, that implies a 7.2x revenue multiple.
The Automobile Association revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2023 | $739M | $5.3B | 7.2x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
The Automobile Association Funding History
The Automobile Association has raised a total of $573M across 1 funding round.
The Automobile Association funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2023 | Undisclosed stage | Stonepeak (lead) | $573M | $5.3B | The Automobile Association (The AA) is the leading UK provider of roadside assistance services, serving 14 million members with a nationwide network of patrols and garages. It also operates a successful insurance business, AA Driving School, BSM, DriveTech for driver education, and AA Smart Care for MOTs, maintenance, and repairs in certified garages. In December 2023, Stonepeak announced a £450 million strategic investment through common and preferred equity at an enterprise value of approximately £4 billion, with TowerBrook Capital Partners and Warburg Pincus remaining majority shareholders. The transaction completed in July 2024, enabling repayment of £180 million Class B3 Secured Notes and balance sheet strengthening for growth. The investment supports The AA's next strategic phase after returning to growth and profitability post-privatization in March 2021. Funds from Stonepeak, including £158 million injected into AA Intermediate Co, redeemed £155 million notional Class B3 Notes at 101.625%. For H1 FY25 (ended 31 July 2024), revenue grew 6% to £556 million from £524 million prior year, driven by 4% customer growth to 11.117 million and higher income per member. Class A Net Debt to EBITDA ratio improved to 5.46x from 5.7x. Class A EBITDA stood at £343 million as of 31 July 2024. The AA continues investing in digitization, customer service, and expansion while deleveraging. |
Who has invested in The Automobile Association?
1 investor has backed The Automobile Association across its funding rounds, including Stonepeak.
Lead investors include Stonepeak.
The Automobile Association Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialThe Automobile Association Competitors
The Automobile Association competitors include listed companies like USS Co., Ryan Specialty, Steadfast Group and Baldwin Insurance, and private ones like Jerry and Howden Group Holdings.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $450M | - | ||
| Publicly listed | $732M | $426M | $5.6B | 6.8x | ||
| Private | $1B | $297M | $5B | 4.8x | ||
| Publicly listed | $3.1B | $803M | $4.9B | 2.8x | ||
| Publicly listed | $1.1B | $359M | $4.5B | 3.2x | ||
| Publicly listed | $1.5B | $197M | $4.5B | 4.0x |
The Automobile Association Public Comps
The Automobile Association is still privately-owned, but its public comps include USS Co., Ryan Specialty, Steadfast Group, Baldwin Insurance, Atmus Filtration, CorVel, Valvoline, Rasan, AUB Group and Primerica.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $732M | $426M | 7.0x | 6.8x | 12.1x | 12.0x | |||
| $3.1B | $803M | 3.0x | 2.8x | 11.3x | 9.0x | |||
| $1.1B | $359M | 4.4x | 3.2x | 13.4x | 9.8x | |||
| $1.5B | $197M | 5.1x | 4.0x | 38.3x | 17.4x | |||
| $1.8B | $330M | 2.5x | 2.3x | 13.4x | 11.3x | |||
| $959M | $175M | 3.5x | - | 19.1x | - | |||
| $1.7B | $486M | 3.1x | 2.6x | 11.0x | 9.7x | |||
| $174M | $73M | 16.1x | 11.0x | 38.6x | 25.9x | |||
This data is available for Pro users. Sign up to see all The Automobile Association competitors and their valuation data. Start Free Trial | ||||||||
Common questions about The Automobile Association
| When was The Automobile Association founded? | The Automobile Association was founded in 1905. |
| Where is The Automobile Association headquartered? | The Automobile Association is headquartered in Basingstoke, United Kingdom. |
| Is The Automobile Association publicly listed? | No, The Automobile Association is a private, VC-backed company. |
| What is The Automobile Association's valuation? | The Automobile Association was last valued at $5.3B in its undisclosed-stage round in December 2023. |
| How much funding has The Automobile Association raised? | The Automobile Association has raised $573M across 1 funding round. |
| What was The Automobile Association's last funding round? | The Automobile Association's last funding round was a $573M undisclosed-stage round in December 2023, led by Stonepeak. |
| Who are The Automobile Association's investors? | The Automobile Association's investors include Stonepeak. |
| What is The Automobile Association's revenue? | The Automobile Association's latest recorded revenue is $739M (December 2023). |
| What is The Automobile Association's revenue multiple? | The Automobile Association's latest valuation implies a 7.2x revenue multiple ($5.3B valuation on $739M of revenue). |
| Which companies are comparable to The Automobile Association? | Companies comparable to The Automobile Association include Jerry, USS Co., Howden Group Holdings, Ryan Specialty, Steadfast Group and Baldwin Insurance. |
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