Company History Budget Car Truck RentalBudget Car Rental Discount Codes I searched Wikipedia for company history Budget Rent a Car. Budget Rent A Car System, Inc. is a car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. With its original fleet of 10 cars, the company lived up to the 'Budget' name by undercutting the daily and per mile rental rates of the established airport based car rental companies. Mirkin was joined in 1959 by Julius Lederer (husband of Ann Landers) and in 1960 the Budget auto rental headquarters was moved to Chicago, Illinois and the rental fleet expanded with franchised and wholly owned rental outlets. The company was eventually acquired by Transamerica Corporation, and then sold in 1986 in a leveraged buyout by Gibbons, Green and van Amerongen Ltd., along with management (led by CEO Clifton E. Haley) and selected investors. It was taken public in 1987. The public company was purchased by Team Rental Group in 1997, which took the name Budget Group. In 2002 the company's assets were sold to Cendant Corporation, which also owned Avis. Cendant, now composed solely of its vehicle rental services businesses, renamed itself Avis Budget Group. Budget, with car and truck rentals, has over 1900 Budget car rental locations worldwide and employs over 26,000 people.
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Page name: Budget Rent a Car
Author: Wikipedia contributors
Publisher: Wikipedia, The Free Encyclopedia.
Date of last revision: 12 June 2008 19:46 UTC
Date retrieved: 26 June 2008 13:13 UTC
Permanent link: http://en.wikipedia.org/w/index.php?title=Budget_Rent_a_Car&oldid=218921698
Page Version ID: 218921698
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