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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
Lawton-Ft Sill Regional Airprt
Additional Travel Information
Lawton, Oklahoma, about 87 miles southwest of Oklahoma City, is your gateway to adventure. Arrivals to the Lawton Ft. Sill Regional Airport (LAW) will be pleased to find a Budget Car Rental specialist on hand ready to assist you with reservations for Lawton airport car rentals. Go to the LAW car rental lot to pick up one of Budget’s airport car rentals and start your journey through the Great Plains.
The Museum of the Great Plains is an incredible place to learn about the history of the region. It features a reproduction of a trading post along with ethnic and archeological pieces. Explore Oklahoma’s military history at Fort Sill, a United States Army post founded in 1869 where legendary Apache Chief, Geronimo, is buried. Take a drive down the Wichita Mountains Scenic Byway in the summer season when a myriad of wildflowers explode into full bloom, or in the winter when the trees and grasses change color. Spot wild deer, elk and buffalo grazing, or go fishing in Quanah Parker Lake at the picturesque Wichita Mountains National Wildlife Refuge.
Budget is the preferred choice of frequent travelers looking for the best in Lawton Ft. Sill Regional Airport rental cars. And don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Lawton-Ft Sill Regional Airprt, check out the latest Lawton-Ft Sill Regional Airprt Car Rental Deals, and be confident that you are getting the best rental rates in Oklahoma !
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