Wrap Every 2 Elements

Wrap Every 2 Elements

I have a <ul> like so:

  1. <ul>
  2.     <li>Lorem ipsum dolor sit amet</li>
  3.     <li>Lorem ipsum dolor sit amet</li>
  4.     <li>Lorem ipsum dolor sit amet</li>
  5.     <li>Lorem ipsum dolor sit amet</li>
  6.     <li>Lorem ipsum dolor sit amet</li>
  7.     <li>Lorem ipsum dolor sit amet</li>
  8. </ul>

But I want to wrap a div around each set of 2 <li>'s like so:
  1. <ul>
  2.     <div>
  3.         <li>Lorem ipsum dolor sit amet</li>
  4.         <li>Lorem ipsum dolor sit amet</li>
  5.     </div>
  6.     <div>
  7.         <li>Lorem ipsum dolor sit amet</li>
  8.         <li>Lorem ipsum dolor sit amet</li>
  9.     </div>
  10.     <div>
  11.         <li>Lorem ipsum dolor sit amet</li>
  12.         <li>Lorem ipsum dolor sit amet</li>
  13.     </div>
  14. </ul>

I imagine I can take care of it the wrap() method but can't think of what selector I'd need to use?