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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
NW Florida Beaches Intl Apo
Additional Travel Information
The Budget Car Rental at Northwest Florida Beaches International Airport (ECP) is the preferred choice of travelers visiting Florida’s Gulf Coast. Located right on airport property and open daily until 10:30 pm, Budget has an extensive selection of Panama City Beach airport car rentals, including SUVs, luxury sedans, compact cars and hybrids, so you’ll have the keys to the perfect ECP car rental for your trip.
Panama City Beach, positioned where the Gulf of Mexico meets St. Andrews Bay on the Emerald Coast, is sometimes referred to as “The Spring Break Capital of the World,” and its slogan is, “The World’s Most Beautiful Beaches.” Pair this with the fact that it consistently shows up on top ten lists of American beaches and you get the idea—people love to come here for the white sand and sparkling blue water. Those who prefer a bit of peace and quiet on their holidays can take a drive out to St. Andrews State Park in one of Budget’s airport car rentals—it’s just ten minutes away. Alternatively, the whole family will enjoy Bear Creek Feline Center, Gulf World Marine Park, Shipwreck Island Waterpark and the Miracle Strip Amusement Park.
For the adults, Panama City is also home to Club La Vela, billed as the largest nightclub in America. Located between Laguna Beach and Panama City Beach, it boasts nine different “theme rooms,” foam blowers and even swimming pools.
Choose Budget for the best deals on Northwest Florida Beaches International Airport rental cars, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget NW Florida Beaches Intl Apo, check out the latest NW Florida Beaches Intl Apo Car Rental Deals, and be confident that you are getting the best rental rates in Florida !
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