LendingTree Inc. announced that it acquired Iron Horse Holdings LLC for $130 million to expand its credit card operation.

Iron Horse Holdings does business under the name CompareCards. CompareCards offers side-by-side credit card comparison, comprehensive credit card comparison and credit health management.

Of the purchase price, $85 million will be paid in cash at closing and contingent consideration payments up to $22.5 million will be made in both 2017 and 2018 should the company achieve growth targets.

CompareCards’ mission is to inform the general public on credit cards to help them make healthier financial decisions.

Its website receives over 1.5 million visitors each month.

“We believe that CompareCards’ consistent, high-quality traffic, talented team and highly-regarded reputation will be complementary to our business, and we’re confident that this transaction will be significantly and immediately accretive to LendingTree,” said Gabe Dalporto, chief financial officer of LendingTree, in a statement.

The company’s founder, Chris Mettler, did not plan to sell the company but believed that LendingTree’s 300 employees will give the company greater reach than its current nine-person staff.

Shares of LendingTree closed on Nov. 23 at $106.55, up $18.40 or 20.87 percent, since announcing the acquisition on Nov. 16.

The Securities and Exchange Commission filing can be found here.