Day Pitney has hired a pair of former Shipman & Goodwin partners based in New York and Stamford, Connecticut, in order to beef up its corporate transactions group in the realm of private equity and finance.

Touting it as a strategic move designed to expand its private equity, finance and investment management practices, Day Pitney announced in a statement on Monday that it has hired new partners Peter Bilfield and Steven Gold. Both lawyers join from Connecticut-based law firm Shipman & Goodwin, and Bilfield steps into a leadership role at Day Pitney as co-chair of the firm’s investment management and private funds group.