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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
Greater Rochester Intl Airport
Additional Travel Information
Greater Rochester International Airport (ROC) is the travel hub in “The Image Center of the World.” The city is a year-round destination for visitors, but the winter season is especially popular here. Get through the snow and ice in a quality ROC car rental from Budget Car Rental, and you’ll barely feel the winter chill.
The Budget counter is located on the lower level, so you can peruse our fleet of airport car rentals, pick the one that suits you best and be on your way in no time. And don’t forget to sign up for the Fastbreak program.
For winter sports like skiing, snowboarding or ice fishing, Budget has a great selection of Rochester airport car rentals for you. Select a minivan or hatchback from our line of Greater Rochester International Airport rental cars, and upgrade it with roof racks and a GPS system so you can store all of your equipment and get to more remote areas easily. The winter season is also when the city’s cultural activities are at their peak including music, theater and dance. Visit the Nazareth College Arts Center to see the Rochester City Ballet and the Rochester Philharmonic Orchestra collaborate in a holiday performance of The Nutcracker. Taste a Rochester classic at Nick Tahou’s restaurant, where the most popular dish, the Garbage Plate, is a bizarre blend of hot dogs, macaroni salad, baked beans, home fries and hot sauce, and topped with eggs, cheeseburgers or any number of other toppings. The Strong Museum and its National Toy Hall of Fame is a popular destination for families and children with over 150,000 square feet of interactive exhibits and the Dancing Wings Butterfly Garden.
Choose a name you can trust on your next trip to Rochester. Choose Budget Car Rental.
Additional Location Information
Select from a wide variety of vehicles at Budget Greater Rochester Intl Airport, check out the latest Greater Rochester Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in New York !
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