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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
Missouri City, TX
Additional Travel Information
At the southwestern edge of Houston lies the quiet suburb of Missouri City. This relaxing destination will get you away from your day-to-day life and let you unwind. Swing your clubs at one of the city’s many golf courses before enjoying a social evening at one of the country clubs. The area is full of waterways and large nature parks where you can picnic in the fresh air. State Highway 6 will take you directly to the Gulf Coast so that you can spend a day in the sun on a beautiful beach. The only thing that can make your getaway better is finding low-cost rental cars from Budget Rent a Car on State Highway 6.Budget on State Highway 6 gives you full control of your vacation by offering flexible services at great deals. Check out our Missouri City car rentals online to see the available models. You can choose a fuel option that works best for your driving plans. If you and your family vacation often, take advantage of the frequent renter programs to save both money and time. Budget is dedicated to making your trip as stress free as possible by offering fast services and modern vehicles.When you are looking for car rentals, you can visit our State Highway 6 Missouri City location to see everything that is available to you. We make the process easy so that you can start exploring the city. Reserve a vehicle for your next trip to Texas and see how Budget can help you maximize your vacation time.
Additional Location Information
Select from a wide variety of vehicles at Budget Missouri City, TX, check out the latest Missouri City, TX Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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