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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Alexandria
Additional Travel Information
Located in the central region of the state, Alexandria is a medium-sized city with around 46,000 residents. During its annual Mardi Gras celebration, that population can double or even triple. Regardless of whether you visit for the parade, classic car show or other Mardi Gras events, you’re sure to have a great time when you book a rental car from Budget Rent A Car on Jackson Street. With Budget rental cars, you can pick up your car and immediately head to the Rapides Parish Coliseum, which hosts live shows, concerts, baseball games and other events every year. You can even use your rental to take in a show at the Saunders Performing Arts Center or visit one of the local art museums in town. If you worry that you might get lost in the city, book a rental car with a state-of-the-art GPS navigation system. Budget can also rent you a car with an e-Toll package that lets you skip waiting in line on toll roads. Budget on Jackson Street understands that all travelers are different, which is why it offers so many different cars, including luxury sedans, fully equipped SUVs and smaller compact cars. The Jackson Street Alexandria website also offers deals and discounts. Jackson Street has a convenient location near some of the city’s best and most popular attractions, including the Museum of Art and Zoological Park. No matter what you want to do on your trip, look for an Alexandria rental car deal from Budget Car Rental on Jackson Street to save more on the cost of your vacation.
Additional Location Information
Select from a wide variety of vehicles at Budget Alexandria, check out the latest Alexandria Car Rental Deals, and be confident that you are getting the best rental rates in Louisiana !
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