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Change record ownership in bulk

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I have several custom entities whose records are currently owned by the "process" that imported them. I need to change the owning business unit and owning team to one in a list based on a parameter within the record. Including all entities, I'm looking at needing to change the ownership of over 500,000 records, so I need to do this in bulk. What is the best way to achieve this? I wish I could do it in SQL. It would make more sense!!! But since its not recommended to do so, I need the next best solution.

This will be an ongoing process that needs to be run against any new record. The owner needs to be assigned to a team based on a parameter in the record.

Help would be appreciated.


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