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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
Chippewa Valley Regional Apo
Additional Travel Information
Located east of Minneapolis, Eau Claire’s revitalization effort has made the city a tourist draw. You’ll find good shopping, dining and innovative ventures popping up everywhere you look. Get everywhere you need to go on your trip comfortably in a rental car from Budget. The Budget Car Rental serving Chippewa Falls Regional Airport (EAU) is located on-site, so you can choose your EAU car rental from our fleet of Eau Claire airport car rentals and be on your way almost as soon as you get off the plane.
There are Chippewa Valley Regional Airport rental cars at Budget for any kind of trip, like minivans for family trips, SUVs for rugged adventures, and convertibles for summer fun with a friend.
In town, Owen Park is a nice place to spend a morning strolling along the Chippewa River. There are bike trails, events and even a band shell, which is a plus as Eau Claire has a thriving indie music scene. Justin Vernon of Bon Iver fame is from here, and the city has one of the best jazz programs in the US.
Enjoy the crowd-pleasing excitement of roller derby with the Chippewa Valley Roller Girls! Eau Claire’s team have been strutting their stuff since 2009, and are fun for the whole family to see.
Burt first, a rental car, and when it comes to airport car rentals, choose Budget for excellent service, great deals and an impressive line-up of vehicles second to none. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Chippewa Valley Regional Apo, check out the latest Chippewa Valley Regional Apo Car Rental Deals, and be confident that you are getting the best rental rates in Wisconsin !
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