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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
Glen Burnie, MD
Additional Travel Information
The Glen Burnie area has many attractions to offer families. Some of its most popular attractions are the North Arundel Aquatic Center and the beautiful Thomas A. Dixon Observation Area. Families who are visiting this area need a high-quality rental car that they can count on. A comprehensive selection of vehicles is available to peruse with Budget. After you make your selection, visit our Budget Rent a Car Ritchie Highway location to pick up your vehicle. We have an excellent selection of rental cars at our Ritchie Highway Glen Burnie location ranging from fuel-efficient vehicles to luxury cars. Additionally, you can opt for e-Toll to drive past lines at toll booths. From our Budget car rental on Ritchie Highway, you can drive your Glen Burnie car rental and make your way to nearby Baltimore to see some of its attractions, like the Maryland Zoo or the Baltimore Museum of Industry. Sports fans can catch a game at Oriole Park or see the Sports Legends museum. An optional GPS can help you find these locations without getting lost along the way. Get a great Glen Burnie rental car deal by booking online for our Ritchie Highway location. You can save up to 30 percent by paying for your rental in advance. With our Fastbreak service, you can flash your license, grab your keys and go. We have been in business for over 50 years and have expanded around the world. After booking online, visit our Budget Ritchie Highway location to access your vehicle.
Additional Location Information
Select from a wide variety of vehicles at Budget Glen Burnie, MD, check out the latest Glen Burnie, MD Car Rental Deals, and be confident that you are getting the best rental rates in Maryland !
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