Charlotte-based online lending company LendingTree Inc. (NASDAQ: TREE) announced Friday it will acquire Ovation Credit Services Inc., a credit-services provider based in Jacksonville, Fla.
The $20.75 million transaction involves $12 million in cash and contingent consideration payments up to $8.75 million. It is expected to close by the end of this quarter.
"Ovation Credit Services' experienced management team, strong credit bureau relationships and customized software platform will ultimately…
