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Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. [2] Budget is a subsidiary of the Avis Budget Group , with its operations headquartered in Parsippany , New Jersey.
In 2011, Avis Budget Group acquired Avis Europe, an independently owned company licensee, globally reuniting the Avis and Budget brands. [10] On September 5, 2012, Avis Budget Group acquired Apex Car Rentals of New Zealand. [11] On March 14, 2013, Avis Budget Group purchased carsharing company Zipcar for about US$500 million in cash. [12] [13]
Over the next 19 years, Radzis and Mullen expanded the footprint of their 3,000 vehicle business into Arizona, Minnesota and Texas, before selling their rental operations to Avis Budget Group in 2014, while still retaining ownership of the ACE Rent A Car brand, licensee system and proprietary software.
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In 1990, DFW had two rental car sites on the north and south sides of the airport. Both hosted Avis, Budget, Hertz and National. [4] A new facility that consolidated more brands opened south of the airport in March 2000 [8] Albuquerque, NM: Albuquerque International Sunport: 2001 [9] Baltimore, MD–Washington, DC: Baltimore/Washington ...
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