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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
Sugar Land
Additional Travel Information
A Sugar Land rental car deal from Budget can provide the reliable transportation you need to get around the area conveniently. Budget Highway 6 is the place where you can find a great selection of reasonably priced truck and car rentals. Depending on how large your family is, you can select among compact, medium-sized and full-sized rental cars. Features such as air conditioning, remote keyless entry, dual airbags, AM/FM radios and CD players will ensure you are safe and comfortable as you explore the region, and Budget on South Highway 6 is where you can pick up the car you need to make your family vacation complete. Once you select your Budget car rental South Highway 6, you can visit some of the area’s most interesting attractions, such as the Houston Museum of Science at Sugar Land, which has fun and educational interactive exhibits the whole family will enjoy. The Justin P. Brindley Trail is a place that’s good for hiking or mountain biking. Baseball fans can catch a ball game at Constellation Park, home of the Skeeters baseball team. If you make sure your first stop is the Budget Rent a Car location at South Highway 6 in Sugar Land, you can enjoy everything the area has to offer. Sugar Land car rentals will make it easy to travel around the region and take in all of the sights and attractions. Make sure you stop at Budget Rent a Car at South Highway 6 to find the perfect Sugar Land rental car deal.
Additional Location Information
Select from a wide variety of vehicles at Budget Sugar Land, check out the latest Sugar Land Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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