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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
Walla Walla Regional Airport
Additional Travel Information
Budget Car Rental is conveniently located on-site at Walla Walla Regional Airport (ALW), so all you have to do once you land is browse through our fleet of Walla Walla airport car rentals, choose the ALW car rental that suits your trip best, and head off. And don’t forget to sign up for the Fastbreak program.
With warm summers and an abundance of agricultural land, the fresh produce grown in this region will have your mouth watering. Feast on locally grown peas, asparagus and, of course, sweet onions. Walla Walla also touts an impressive 454 wind turbines, a groundbreaking environmental project that puts Walla Walla at the forefront of innovation in this field.
Stroll down Walla Walla’s Main Street in the downtown core. This walkway of public art has impressive installations and sculpture. The ArtWalla Public Art Walking Tour can give you a detailed account of what’s on offer.
Budget’s Walla Walla Regional Airport rental cars will get you wherever you want to go comfortably and with a great deal. Choose Budget for all your airport car rentals needs.
Additional Location Information
Select from a wide variety of vehicles at Budget Walla Walla Regional Airport, check out the latest Walla Walla Regional Airport Car Rental Deals, and be confident that you are getting the best rental rates in Washington !
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