From the 1950's to the early 1990's, the yacht is privately owned and operated. She proudly serves as the corporate yacht for the American Tug Company and later Crowley Maritime. Her owners during that period include the Maryatt family, the Jamieson family of Everett, the Schuchart family, and the late Howard S. Wright, contractor for such Seattle landmarks as the Space Needle. The Olympus briefly joins the yacht Malibu in a venture involving classic yacht charters, until 1994 when she is purchased by her current owner.

The VanDerbeeks embarked on major repairs, restoration and refurbishment of the yacht and her systems including a new stem, replanking, re-wiring of the entire vessel, re-roofing, and the rebuilding and modernizing of the galley. Through a series of lucky events, the yacht's original tender was located after a 61 year period of separation. A completely restored little Junaluska with her 1930 rebuilt Lycoming marine engine sits aboard in her starboard side mid-ship cradle.

A private yacht once again, M.V. Olympus is used frequently by her owner to support charitable and environmental causes, and is "open for boarding" at various classic boat shows in the Pacific Northwest during the year, for all to admire.