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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
Jack Brooks Regional Airport
Additional Travel Information
Picking up your BPT car rental from Budget Car Rental at Jack Brooks Regional Airport is a breeze. Our airport car rentals counter is located right in the baggage claim area.
Beaumont is a Southeast Texas town where cowboy culture has a little bit of Louisiana spice mixed in—especially when it comes to food. In downtown Beaumont you’ll find Cajun crawfish, zesty Texas barbecue and spicy Mexican cuisine.
Get back to nature in one of two ways in Beaumont: with a peaceful walk through a botanical garden complete with bird watching or by touring through the area’s swamps and bayous, perhaps meeting a gator or two along the way. Southeast Texas is home to the largest alligator population in the state.
Spend an afternoon shopping for antiques in Beaumont’s historic downtown before heading over to the Art Museum of Southeast Texas, which has an impressive collection of folk art. End the day with dinner in the Crockett Street Entertainment District, home to beautifully restored historical buildings and brick-laid sidewalks perfect for after-dinner strolls.
The Gator Country Adventure Park is a thrilling place to bring the kids. There are hands-on interactive animal shows where they can hold a baby alligator if they dare. Reserve a minivan or another high-occupancy vehicle from our fleet of Beaumont airport car rentals. Extra space means a happier ride for the whole family.
Enjoy everything Beaumont has to offer by booking your rental car with Budget. We offer a wide selection of Jack Brooks Regional Airport rental cars and great deals. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Jack Brooks Regional Airport, check out the latest Jack Brooks Regional Airport Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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