Strategic acquisitions complement organic growth in both Industrial Distribution and Aerospace, driving increases in revenue and profitability. In fact, the ability to integrate acquisitions is a demonstrated Kaman core competency.
Over the past two years, Kaman completed eight acquisitions in Aerospace and Industrial Distribution, accelerating top line growth and building scale. These acquisitions have complemented existing product and service offerings and provided important access to new markets.
The 2011 acquisition of Catching Fluidpower significantly expands Kaman's capabilities in the important fluid power products market. Catching is one of Parker Hannifin Corporation's premier motion distributors, covering a wide variety of product technologies, including hydraulics, fluid connector and pneumatic automation products. In connection with the acquisition, Parker Hannifin named Kaman nationally as a value-added reseller of these products. Kaman is the only national distributor to be so recognized by Parker Hannifin.
For Industrial Distribution, acquisitions must meet specific criteria. They must expand our product offering, improve our value added services capability, and/or broaden our geographic footprint. In 2011, four acquisitions, Catching Fluidpower, Target Electronic Supply, Automation Technology and Plains Bearing, met these criteria.
In 2010, Kaman acquired Global Aerosystems, a provider of structural aerostructure engineering design analysis and FAA certification services to the aerospace industry. The successful integration of this acquisition is demonstrated by 40% year-over-year revenue growth. Equally as important, in 2011 the business received Boeing's Performance Excellence Award – Silver Level for demonstrating superior performance.
Since 2010, KAMAN AEROSPACE has made two important acquisitions: Global Aerosystems and Vermont Composites. Each of these acquisitions has added capabilities to Kaman's offerings and diversified the Company's platform exposure.
Acquisitions completed in 2010 and 2011 added approximately $268 million in sales on a run rate basis. What's more, our 2010 acquisitions added more than twenty cents in earnings-per-share accretion in 2011.