The Merger of ACE and CARE

This case study examines the merger of ACE and CARE, two Caribbean banks. The merger was of the horizontal type, and ACE employed a “democratic conqueror strategy. ” The merger was a financial success, and the human resource management problems experienced were resolved without any serious deterioration of labor-management relations. These successes may be attributable to the length of the period over which the merger occurred, the democratic strategy adopted, and the attempt to create a new culture for the merged entity.