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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
Rapid City Regional Airport
Additional Travel Information
Rapid City, situated on the eastern slopes of the Black Hills Mountains, has been nicknamed the City of the Presidents because of the life-sized bronze statues of American presidents on the street corners. Cruise through town checking off the ones you’ve seen in a stylish rental car from Budget Car Rental. Head straight to our airport car rentals counter when you land at Rapid City Regional Airport (RAP), and choose a reliable RAP car rental from our wide selection of Rapid City Regional Airport rental cars. And don’t forget to sign up for the Fastbreak program.
Of course, the best view of former leaders is at Mount Rushmore, where you can see Washington, Jefferson, Lincoln and Roosevelt in all their granite glory. If you’re more of a film buff than a history buff, you can relive Dances with Wolves at the Fort Hays movie set. Admission is free to see the Oscar-winning film’s original buildings and other displays like the Blacksmith Shop, Rope Shop, Tin Shop, Sawmill and Penny Press that take you back in time to the Black Hills settlers’ era.
Drive the whole family out to Storybook Island where admission is also free. Sets portraying different characters and scenes from classic children’s fables, nursery rhymes and stories are beloved by young and old alike.
Rapid City and the surrounding Black Hills Mountains area is filled with family adventure Our Rapid City airport car rentals will help you make the most of this delightful area.
Additional Location Information
Select from a wide variety of vehicles at Budget Rapid City Regional Airport, check out the latest Rapid City Regional Airport Car Rental Deals, and be confident that you are getting the best rental rates in South Dakota !
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