SECURITIES AND EXCHANGE COMMISSION,
                            Washington, D.C. 20549
                                  -----------

                                  SCHEDULE TO
                            TENDER OFFER STATEMENT
                            Under Section 14(d)(1)
                    of the Securities Exchange Act of 1934
                                  -----------

                               EFTC CORPORATION
                           (Name of Subject Company)
                                  -----------

                          THAYER-BLUM FUNDING, L.L.C.
                      (Name of Persons Filing Statement)

                    Common Stock, par value $0.01 per share
                        (Title of Class of Securities)

                                  268443 10 8
                     (CUSIP Number of Class of Securities)
                                  -----------

                              Jeffrey W. Goettman
                          THAYER-BLUM FUNDING, L.L.C.
                         1455 Pennsylvania Avenue, N.W.
                                   Suite 350
                             Washington, D.C. 20004
                                (202) 371-0150

                                with a copy to:

                              Eric A. Stern, Esq.
                                Latham & Watkins
                         1001 Pennsylvania Avenue, N.W.
                             Washington, D.C. 20004
                                (202) 637-2200

                 [X]  Check the box if the filing  relates
                      solely to preliminary communications
                      made before the commencement of a
                      tender offer.


                 [X]  Third-party tender offer subject to Rule 14d-1.


           EFTC REPORTS CLOSING AN ADDITIONAL $14 MILLION INVESTMENT
                              BY THAYER AND BLUM


DENVER--July 17, 2000--EFTC Corporation (NASDAQ: EFTC), a leading provider of
high-mix electronic manufacturing services, reported that Thayer Equity
Investors IV, L.P. (Thayer) and BLUM Capital Partners, L.P. (BLUM) have invested
an additional $14 million in EFTC on July 14, 2000 in exchange for senior
subordinated exchangeable notes.

This investment is the second stage of a public recapitalization. In the first
stage of the recapitalization transaction, on March 30, 2000, Thayer and BLUM
invested a total of $54 million in EFTC in exchange for senior subordinated
exchangeable notes and warrants. In the final stage of the recapitalization
transaction, Thayer and BLUM intend to undertake a tender offer, which is
subject to the satisfaction of certain conditions, of up to 5,625,000 shares of
outstanding common stock of EFTC at a price of $4.00 per share. Upon shareholder
approval of certain aspects of the transaction and consummation of the tender
offer, the warrants will be cancelled and the senior subordinated exchangeable
notes issued in March will be exchanged for senior subordinated convertible
notes that are convertible into common stock at a conversion price of $2.58 per
share and the senior subordinated exchangeable notes issued in July will be
exchanged for EFTC's Series B Convertible Preferred Stock which accrues
dividends at a rate of 8.875% and is convertible into common stock at $1.80 per
share of common stock.

The tender offer will commence at about the time EFTC mails a proxy statement to
its shareholders to seek their approval of certain aspects of the transaction.
EFTC anticipates that the proxy statement will be mailed by the end of the week
of July 17, 2000.

EFTC, a provider of high-mix electronic services, is headquartered in Denver,
Colorado and employs over 1,500 people nationwide. EFTC provides its services
primarily to OEM customers in the avionics, medical, instrumentation, and
communications industries.

Thayer Capital Partners is a private equity investment firm based in Washington,
DC. Thayer manages two private equity funds with more than $1.2 billion under
management. The firm focuses on buyouts and growth equity investments in four
primary industries: information technology and services, electronics and
outsourced manufacturing, travel and leisure services, and outsourced business
services.

BLUM Capital Partners is a San Francisco-based private equity and strategic
block investment firm, which manages in excess of $3 billion in capital both
domestically and internationally. BLUM has invested in a wide variety of
businesses and has been successful initiating value-enhancing strategies,
including going-private transactions, equity infusions to either restructure a
balance sheet or provide growth capital, share repurchases, acquisition
programs, and business unit divestitures.

This announcement is neither an offer to purchase nor a solicitation of an offer
to sell shares of the company. If an offer is commenced, Thayer and BLUM will
file a tender offer statement with the U.S. Securities and Exchange Commission
and EFTC will file a solicitation/recommendation statement with respect to the
offer. The tender offer statement (including an offer to purchase, a related
letter of transmittal, and other offer documents) and the
solicitation/recommendation statement will contain important information which
should be read carefully before any decision is made with respect to the offer.


The offer to purchase, the related letter of transmittal and certain other offer
documents, as well as the solicitation/recommendation statement, will be made
available to all stockholders of EFTC at no expense to them. The tender offer
statement (including the offer to purchase, the related letter to the
transmittal, and the other offer documents filed with the commission) and the
solicitation/recommendation statement will also be available at no charge at the
Commission's website at www.sec.gov.

The Private Securities Litigation Reform Act of 1995 provides that the safe
harbor for forward-looking statements shall not apply to such statements made in
connection with a tender offer. Any forward-looking statements made in
connection with a tender offer contained in any prior EFTC press release are
excluded from the application of the safe harbor.