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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
Albert J Ellis Airport
Additional Travel Information
Known for being the first town in Onslow County, North Carolina to have its own museum and library as well as the first to have a female mayor, Richlands is a rural agricultural town with a definite progressive streak. Explore the farmland surrounding this little city in the comfort of a rental car from Budget Car Rental. Budget has an airport car rentals counter located at Albert J. Ellis Airport (OAJ), so picking up a great deal on the perfect OAJ car rental for your trip from our extensive selection of Albert J. Ellis Airport rental cars is as convenient as can be.
Every year for the last forty years the Town of Richlands has hosted its Farmer’s Day Celebration on the first Saturday after Labor Day in honor of its agrarian heritage. The morning of the festival starts with a parade that travels through the town and stops at the Richlands Primary School, where games, food, resident vendors, and live musical performances are featured. Cruise over to Mike’s Farm for hayrides, tours, and a snack from the bakery, or take a leisurely drive through town to admire the handsome 19th century estates, shop at a country store, and discover the Onslow County Museum.
Trust Budget to be your source for Richlands airport car rentals, and don’t forget to sign up for the Fastbreak program.
Additional Location Information
Select from a wide variety of vehicles at Budget Albert J Ellis Airport, check out the latest Albert J Ellis Airport Car Rental Deals, and be confident that you are getting the best rental rates in North Carolina !
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