As of September, 2003 Anchorage businessman Chris Owens has joined the team of  Chugach Adventure Guides as an ownership partner and manager.  Founders Mike Overcast and Dave Hamre still remain partners in the organization while former partner Dave Marshall has chosen to pursue other interests.  While Marshall is no longer an owner or manager of the organization, Chugach Powder Guides plans to utilize the Marshall’s experience and expertise on a consulting basis in the future.  Chris Owens has been working as a marketing service provider with Chugach Powder Guides for approximately five years and brings a much desired level of business and marketing experience to the company.  Owens has worked with other heliskiing operations and the Wyoming based ski film company Teton Gravity Research from a marketing perspective since 1996. 

As part of the restructuring of the company, Chugach Powder Guides will merge with Class V Whitewater, the popular Girdwood based rafting and excursion company.  Originally founded by Mike Overcast and Olympic gold medalist Tommy Moe, Class V has made its name with renowned whitewater trips on Alaska’s Sixmile River and popular train serviced floats at Spencer Glacier and the Placer River.  The two companies will operate as DBA’s under the parent company Chugach Adventure Guides, LLC.  The merging of the two companies will provide for cross market outreach opportunities, an added level of stability for guides, staff and clients as well as a variety of other synergies.