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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
Roswell
Additional Travel Information
Not to be confused with the UFO Capital of the World in New Mexico, Roswell, Georgia, is a lovely and historic town with plenty of attractions for the whole family. When you plan a trip to this Georgia city, make a reservation at the Budget Holcombe Bridge Road location. Conveniently located just a short drive from the center of town, you’ll be only a few minutes away from all the things you want to see and do. Choose from a range of different vehicles to best meet your needs and the size of your family. Reserve a minivan with lots of room for your luggage and supplies, or get an SUV to make driving through the desert a little easier. The location on Holcombe Bridge Road also makes finding a Roswell rental car deal easy. Fastbreak members can pick up their cars quickly, and all shoppers can find deals and discounts on rental cars when using the online site. With a Budget car rental from Holcombe Bridge Road,attractions and other popular city sites are mere minutes away. Your kids will love seeing the animals playing and frolicking at the Chattahoochee Nature Center, and you might appreciate seeing the history on display at Bulloch Hall or taking a haunted tour of the historic sites in town. With the right Budget rental, you can even explore the Chattahoochee River and other outdoor attractions in the area. If you need car rentals that will help you save money on a fun excursion with your kids, turn to the Holcombe Bridge Road Roswell location for cars that fit your budget and your itinerary.
Additional Location Information
Select from a wide variety of vehicles at Budget Roswell, check out the latest Roswell Car Rental Deals, and be confident that you are getting the best rental rates in Georgia !
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