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6/24/20
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DWG Capital Partners has invested in the operational acquisition of a waste-water treatment and reclamation facility in San Bernardino County. The facility is located at 11225 Mulberry Ave, south of I-10 and east of I-15 in Fontana.
Capital Partners will work with the facility’s new operating partner, Stone Bear Reclamation, to treat non-hazardous wastewater, recycling as much as 150,000 gallons a day. The facility will help ease the state’s clean-water crisis, with a service radius that extends from the Mexican border to just south of Bakersfield, California.
The facility required both numerous federal and state approvals that were achieved over the last six months in SBR and DWG's preparation for the re-opening of the plant.
“The legislative and regulatory hurdles are inherently very high for water treatment plants. They do so to protect California’s greatest resource – its water – and our partners at SBR handled the complex process with the highest efficiency and excellence” said Judd Dunning, president of DWG Capital Partners. “We are excited for the years ahead as we recapitalize and clear the way for the facility to process even higher volumes of treated water for both California and its western United States neighbors.”
California's demand for clean water reclamation services is extremely strong and the marketplace has a limited amount of approved facilities with only three similar plants in Southern California and two plants in Northern California. Notably, a high volume of clients had pre-ordered a significant portion of the plant's water reclamation service capacity well before SBR's full operational opening. They are now being immediately serviced as of the grand re-opening.
"Communities across the nation are facing water challenges that cost billions of dollars," said Dunning. "We were impressed by the plant's new operator, Stone Bear Reclamation, and remain bullish on such alternative investments for our traditional NNN real estate sale-leaseback investors."
Ralph Padilla, Stone Bear Reclamation’s general operations manager, added, “With a capacity to recycle up to 150,000 gallons a day, we will be able to release treated water back into the supply chain where it can be used again for things such as irrigation as part of a sustainability circle that will increase water supply as communities and demand for clean water, continue to grow.”
The water reuse is in line with the Environmental Protection Agency’s (EPA) National Water Reuse Action Plan to produce more local, sustainable and cost-effective water supplies.
According to Bluefield Research, reuse capacity of reclaimed water in the United States is expected to increase 37% by 2027. Industrial applications will grow 31% by the same year. The U.S. is already the largest reuse market by volume, with further future growth projected beyond that.
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