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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
Akron-Canton Airport
Additional Travel Information
North Canton, Ohio in Stark County is an affordable and family oriented city filled with kid friendly attractions, vibrant culinary experiences, recreational activities, and an exploding art scene. Make the most of everything this area has to offer with a reliable rental car from Budget. The Budget Car Renta serving the Akron Canton Airport (CAK) is located on-site, so choosing a CAK car rental from Budget’s extensive fleet of North Canton airport car rentals could hardly be less hassle-free. Before you leave the airport car rentals lot, be sure to ask for any upgrades—a GPS system, for instance, is particularly helpful on unfamiliar roads.
Families will enjoy the Canton Arts District, six blocks in the heart of the city featuring the Historic Canton Music Block, year-round First Friday celebrations, delectable restaurants, and shopping at hip galleries or active artist’s studios. Sports fanatics love the NFL Pro Football Hall of Fame, America’s premier sports museum. Witness an enshrinement here or explore 115,000 square feet of displays and interactive exhibits on the history of game and its players.
Ask our Budget staff about the latest deals on Akron Canton Airport rental cars so you can drive away knowing you’ve chosen the name in car rentals savvy travelers trust. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Akron-Canton Airport, check out the latest Akron-Canton Airport Car Rental Deals, and be confident that you are getting the best rental rates in Ohio !
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