Investment giant KKR & Co. Inc. agreed to buy online contact lens retailer 1-800 Contacts Inc. (No. 93 in the 2020 Digital Commerce 360 Top 1000) from previous owner AEA Investors LP.

1-800 Contacts and KKR didn’t disclose the transaction’s financial terms in a joint statement Wednesday. However, people familiar with the matter said the deal values 1-800 Contacts at more than $3.00 billion.

“They spent a lot of time investing in telemedicine solutions,” Felix Gernburd, a managing director at KKR, told Bloomberg News. “When shelter-in-place orders were restricting movement, 1-800 Contacts was one of the few places you could go to get your contacts.” The number of people using the retailer’s two online eye-exam apps at least tripled at the peak of the coronavirus-related shutdowns, the statement says.