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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
Hartford/Bradley Intl Airport
Additional Travel Information
Budget Car Rental provides complimentary shuttle service from Bradley International Airport (BDL) to its BDL car rental lot, so you’ll be able to pick up your vehicle and venture out into lovely Hartford in no time. You can rest assured that you’ll find the right vehicle for your trip at Budget—our vast selection of airport car rentals ranges from SUVs and luxury cars to compacts and hybrids.
The capital of Connecticut, Hartford is the largest inland city in the state. Known as the Insurance Capital of the World, it’s home to the corporate headquarters of six leading insurance companies.
The gold leaf domed State Capitol Building is both a handsome sight and a historical landmark. Mark Twain’s family home is also a popular attraction here. A guided tour of the 18-room mansion takes fans through the rooms of the house Twain described as having “a heart, and a soul, and eyes to see us with,” and where he was said to have spent his happiest and most productive years. Right next door is the more modest home of Harriet Beecher Stowe, who penned Uncle Tom’s Cabin and 30 other novels.
Bushnell Park is the nation’s oldest publically funded park and offers a healthy respite from the bustling city surrounding it. The Wadsworth Atheneum is one of the oldest museums still operating in the United States. It houses an impressive 50,000 pieces of art and has just undergone extensive renovations. These and other great spots are yours to discover in something from Budget’s fleet of Bradley International Airport rental cars.
For great deals on Hartford airport car rentals, and excellent service on either end of your stay in Connecticut, choose Budget. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Hartford/Bradley Intl Airport, check out the latest Hartford/Bradley Intl Airport Car Rental Deals, and be confident that you are getting the best rental rates in Connecticut !
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