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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
Sears Auto Center
Additional Travel Information
A Texas City rental car deal is your key to more than just awesome southern culture. In addition to making it easy to discover aviation history at the Lone Star Flight Museum or travel back in time at the restored 1895 Moody Mansion Museum, Budget Rent a Car Emmett F Lowry Expressway lets you discover the coast’s best-kept secrets. Follow the Emmett F Lowry Expressway to reach outlet malls, like Tanger and VF, or head north on the Gulf Freeway to discover Houston. The Budget Emmett F Lowry Expressway lot is full of great options for enjoying the local scenery and fresh air. Get out of Texas City in rental cars like our SUVs and Jeeps to camp out in the woods of Brazos Bend State Park, or become a well-to-do beach bum by the shores of Galveston for a week in a luxury cruiser. If you’re only traveling with a few family members, you can even make more room for your luggage with car rentals that go big on trunk space.Visit the service desk at Budget Car Rental Emmett F Lowry Expressway to make the most of great packages that will help you navigate Texas more readily. Try one of our GPS models to find hidden points of interest, like the trails in Brazoria National Wildlife Refuge and beaches at Surfside. From our Emmett F Lowry Expressway Texas City location, it’s less than a mile to the Gulf Freeway, and we make it simple to move through Houston freely with our e-Tolls service. Reserve your chance at an awesome Texan vacation today.
Additional Location Information
Select from a wide variety of vehicles at Budget Sears Auto Center, check out the latest Sears Auto Center Car Rental Deals, and be confident that you are getting the best rental rates in Texas !
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