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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
Brownsville Intl Airport
Additional Travel Information
Pick up your BRO car rental from Budget Car Rental at Brownsville South Padre Island International Airport and start your Texas vacation the minute you land. All airport car rentals are located right in the baggage claim area, making Brownsville South Padre International Airport rental cars easy to find.
Located on the banks of the Rio Grande at one of the southernmost tips of Texas, Brownsville is a city steeped in history. Not far from Palmito Hill, the site of the last battle of the Civil War, Brownsville’s Heritage Trail winds right through its downtown core, and is a favorite for history buffs.
Brownsville is also a semi-tropical paradise. Beach lovers should check out the Boca Chica Beach, a 7.5-mile undeveloped sandy oasis. Enjoy surfing, fishing and swimming on this unspoiled waterfront. Active tourists will find hiking and biking trails in and around Brownsville. And golfers have over 15 courses to choose from.
As a border town, Brownsville is a destination for delicious Tex-Mex food. Stop in at one of the local restaurants downtown for a bite of this zesty and spicy cuisine.
Make sure you have a set of wheels to enjoy the best of Brownsville. Budget’s Brownsville airport car rentals are a great deal, and we have a wide selection of vehicles—whether you’re traveling with the family or on your own, we have the right car for you. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Brownsville Intl Airport, check out the latest Brownsville Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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