(Martech Marine Inc, Martech Pacific Inc, Martech International Inc, Martech Construction Inc)
Martech was an Anchorage-based contractor with offices throughout the United States and in some foreign countries. The company traditionally contracted for oil-field marine services but expanded into environmental remediation and general government contracting. It enjoyed a spectacular ascent, rapidly becoming a multi-million dollar company traded on the New York stock exchange, and an equally spectacular descent into insolvency.
Following its Chapter 11 filing in December of 1993, virtually all contracting work ground to a halt, and the debtor was unable to assume and complete its many projects, primarily with the federal government, throughout the United States.