Wasatch Property’s $62 Million Acquisition of Assets, Rights and Properties in Mexico and Canada


Basham, Ringe y Correa advised DAS Group of Companies, a division of Omnicom Group Inc. (OMC), MarketStar Corporation and its Mexican subsidiary known as All Channel Sale Solutions, S. de R.L. de C.V. Davis & Gilbert LLP and Burchells LLP acted as counsel to MarketStar Corporation. Ballard Spahr LLP acted as counsel to Wasatch Group.

DAS Group of Companies, a division of Omnicom Group Inc. (OMC), MarketStar Corporation and its Mexican subsidiary All Channel Sale Solutions, S. de R.L. de C.V. signed an asset purchase agreement in order to sell its assets, rights and properties to Wasatch Property Management Inc. for the amount of USD 62,000,000.00.

The structure of the transaction included the stock purchase in Mexico and the asset sale in Canada and Mexico. Moreover, the transfer of liability, third party contractual consent requirements, tax consequences and indemnifications all were regulated in the global asset structure pursuant to US law.

MarketStar was founded in 1988 and is based in Ogden, Utah. It also has operations in North America, Latin America, Asia Pacific, Europe, and the Middle East. MarketStar provides sales and marketing services such as consumer acquisition, retail associate advocacy, customer loyalty and support, and alternative retail channels partner recruitment, channel management, and partner support; and demand generation, lead management, customer acquisition, and account management.

Wasatch was founded by Dell Loy Hansen in 1988 and has been headquartered in Utah for more than 30 years. It operates a diversified portfolio on a national level, including significant and successful investments in real estate development, construction, property management, consumer, business-to-business, and guaranty capital companies.

Basham, Ringe y Correa team was led by Partners Daniel Del Río (Picture) and Amilcar García, and included Associates Francisco Matus, Luis Álvarez and Natalia Espinoza.

Involved fees earner: Luis Antonio Alvarez Cervantes – Basham, Ringe y Correa; Daniel Del Rio – Basham, Ringe y Correa; Natalia Espinoza Andrade – Basham, Ringe y Correa; Amílcar García – Basham, Ringe y Correa; Francisco Matus – Basham, Ringe y Correa;

Law Firms: Basham, Ringe y Correa;

Clients: DAS Group of Companies; Marketstar;